Pagaya CFO Jonathan Dobres reports initial holdings
Pagaya Technologies Ltd. Chief Financial Officer Jonathan Dobres filed an initial ownership report detailing his equity position in the company.
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Form Type
3
Rhea-AI Filing Summary
Pagaya Technologies Ltd. Chief Financial Officer Jonathan Dobres filed an initial ownership report detailing his equity position in the company. He directly holds 6,309 Class A Ordinary Shares, plus restricted stock units covering 8,929 and 3,375 Class A shares, and stock options on 2,316 and 1,577 Class A shares at an exercise price of $10.68 per share expiring on August 30, 2031.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Dobres Jonathan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Incentive Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 12,304 contracts (Direct);
Non-Qualified Stock Option (right to buy) — 2,316 contracts (Direct);
Incentive Stock Option (right to buy) — 1,577 contracts (Direct);
Class A Ordinary Share — 6,309 shares (Direct)
Footnotes (4)
- F1. On March 13, 2025, the reporting person was granted 9,000 restricted stock units, vesting in eight equal quarterly installments beginning on June 12, 2025.
- F2. On August 30, 2021, the reporting person was granted 24,833 stock options which have all vested. 2,316 stock options remain outstanding and exercisable.
- F3. On August 30, 2021, the reporting person was granted 37,452 stock options which have all vested. 1,577 stock options remain outstanding and exercisable.
- F4. On April 1, 2026, the reporting person was granted 8,929 restricted stock units, vesting in eight equal quarterly installments beginning on June 25, 2026.
Key Figures
Direct Class A shares: 6,309 shares
RSU underlying shares: 8,929 shares
Additional RSU underlying shares: 3,375 shares
+5 more
8 metrics
Direct Class A shares
6,309 shares
Directly held Class A Ordinary Shares following reporting
RSU underlying shares
8,929 shares
Restricted Stock Units referencing Class A shares granted April 1, 2026
Additional RSU underlying shares
3,375 shares
Restricted Stock Units referencing Class A shares from earlier grant
Non-qualified options
2,316 shares
Non-Qualified Stock Options, exercise price $10.68, expire August 30, 2031
Incentive stock options
1,577 shares
Incentive Stock Options, exercise price $10.68, expire August 30, 2031
Option exercise price
$10.68/share
Exercise price for both incentive and non-qualified stock options
2021 option grant sizes
24,833 and 37,452 options
Original option grants on August 30, 2021 per footnotes
RSU grant sizes
9,000 and 8,929 RSUs
RSU grants on March 13, 2025 and April 1, 2026
Key Terms
Restricted Stock Unit, Incentive Stock Option, Non-Qualified Stock Option, Class A Ordinary Share, +1 more
5 terms
Restricted Stock Unit financial
"The reporting person holds Restricted Stock Units referencing Class A Ordinary Shares."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Incentive Stock Option financial
"An Incentive Stock Option (right to buy) covers 1,577 Class A shares."
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
Non-Qualified Stock Option financial
"A Non-Qualified Stock Option (right to buy) covers 2,316 Class A shares."
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
vesting in eight equal quarterly installments financial
"RSU grants vest in eight equal quarterly installments beginning on specified dates."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Pagaya (PGY) CFO Jonathan Dobres report in this Form 3?
Jonathan Dobres reports his initial ownership of Pagaya equity. He lists 6,309 Class A Ordinary Shares, multiple restricted stock unit awards, and vested stock options, providing a baseline view of his direct economic stake as Chief Financial Officer.
What restricted stock units does Pagaya (PGY) CFO Jonathan Dobres hold?
He holds restricted stock units covering 8,929 and 3,375 Class A Ordinary Shares. Footnotes state 9,000 RSUs were granted on March 13, 2025 and 8,929 RSUs on April 1, 2026, each vesting in eight equal quarterly installments after the stated start dates.
What stock options does the Pagaya (PGY) CFO report in this filing?
He reports incentive and non-qualified stock options on 1,577 and 2,316 Class A shares. These options have a $10.68 exercise price and expire on August 30, 2031, reflecting vested awards that remain outstanding and exercisable according to the footnotes.
When were the Pagaya (PGY) CFO’s option grants originally awarded?
Footnotes state option grants occurred on August 30, 2021. One grant covered 24,833 options, of which 2,316 remain, and another covered 37,452 options, of which 1,577 remain outstanding and exercisable, indicating prior vesting and partial utilization or expiration.
How do the Pagaya (PGY) CFO’s RSUs vest over time?
The March 13, 2025 grant of 9,000 RSUs vests in eight equal quarterly installments starting June 12, 2025. The April 1, 2026 grant of 8,929 RSUs vests in eight equal quarterly installments beginning June 25, 2026, linking awards to multi-year service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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