[144] Pagaya Technologies Ltd. SEC Filing

Rhea-AI Filing Summary

Pagaya Technologies Ltd. (PGY) Form 144 notifies a proposed sale of 12,123 common shares by an affiliated person through Morgan Stanley Smith Barney, with an aggregate market value of $448,551 and an approximate sale date of 08/28/2025. The filing states these shares were acquired as restricted stock on 07/16/2024 and fully paid on that date. The notice also lists four sales by the same person in the past three months totaling 62,399 shares for gross proceeds of $1,219,434.78. The filer certifies they are not aware of undisclosed material adverse information about the issuer. This form is a compliance disclosure under Rule 144 rather than an operational or financial update from the company.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice disclosing a small proposed insider sale; not a corporate operational disclosure.

The Form 144 details a proposed sale of 12,123 shares valued at $448,551 and documents recent dispositions totaling 62,399 shares for $1,219,434.78. Given the issuer's outstanding share count of 76,608,426, the proposed sale represents a de minimis percentage of outstanding stock and is unlikely to be material to valuation. The filing is primarily a compliance step to permit brokered resale under securities law; it does not provide company performance metrics or new corporate developments.

Corporate Governance Expert

TL;DR: Disclosure shows insider liquidity actions but includes the required attestation against undisclosed adverse information.

The document appropriately specifies acquisition type (restricted stock), acquisition and payment dates, broker details, and recent sales by the same person. The signer affirms no material nonpublic adverse information exists, consistent with Rule 144 certifications. From a governance perspective, transparent reporting of these sales supports regulatory compliance; the filing itself does not indicate governance changes or red flags beyond routine insider selling.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12123	448551.00	76608426	08/28/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/16/2024	Restricted Stock	Issuer			12123	07/16/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SANJIV DAS 335 Madison Ave, 16th Floor New York NY 10017	Common	07/17/2025	12742	330654.90
SANJIV DAS 335 Madison Ave, 16th Floor New York NY 10017	Common	07/02/2025	4784	107994.97
SANJIV DAS 335 Madison Ave, 16th Floor New York NY 10017	Common	06/13/2025	13551	242583.61
SANJIV DAS 335 Madison Ave, 16th Floor New York NY 10017	Common	06/03/2025	31382	538201.30

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Pagaya (PGY) Form 144 disclose?

The filing discloses a proposed sale of 12,123 common shares valued at $448,551 through Morgan Stanley Smith Barney, with an approximate sale date of 08/28/2025.

Who acquired the shares and when were they acquired?

The shares were acquired as restricted stock from the issuer on 07/16/2024, with payment completed on that date.

Has the filer sold shares recently?

Yes. The filing lists four sales by the same person in the past three months totaling 62,399 shares for gross proceeds of $1,219,434.78 (sales dated 06/03/2025 through 07/17/2025).

Does this Form 144 indicate undisclosed adverse information about Pagaya?

No. The filer expressly represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.

Which broker is handling the proposed sale?

The proposed sale is through Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.