Pagaya president exercises RSUs, sells 13,301 shares

Pagaya’s president exercised RSUs and sold shares on September 12, 2026, mainly to cover tax withholding from a compensatory award vesting.

Rhea-AI Filing Summary

Pagaya Technologies Ltd. (PGY) reported that President Sanjiv Das exercised 23,750 restricted stock units into the same number of Class A ordinary shares on September 12, 2026. On the same date, he sold 13,301 Class A ordinary shares at $20.21 per share, with the sale described as necessary to satisfy tax withholding obligations from the vesting of a compensatory award. Following this vesting event, he held 47,500 restricted stock units directly. The grant underlying these units is scheduled to vest over two years in eight equal quarterly installments starting on June 12, 2025.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider DAS SANJIV

Role President

Sold 13,301 shs ($269K)

Approx. gross sale proceeds $269K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F2	23,750	$0.00	$0.00
Exercise	Class A Ordinary Share	23,750	$0.00	$0.00
Sale	Class A Ordinary Share F1	13,301	$20.21	$269K

Holdings After Transaction: Restricted Stock Unit — 47,500 contracts (Direct); Class A Ordinary Share — 154,634.538 shares (Direct)

Footnotes (2)

1. F1. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.
2. F2. The grant shall vest over a period of two years in eight equal quarterly installments starting on June 12, 2025.

Key Figures

RSUs exercised: 23,750 units Shares sold: 13,301 shares Sale price: $20.21 per share +3 more

6 metrics

RSUs exercised 23,750 units Restricted stock units converted into Class A ordinary shares on September 12, 2026

Shares sold 13,301 shares Class A ordinary shares sold on September 12, 2026

Sale price $20.21 per share Price for the 13,301 Class A ordinary shares sold on September 12, 2026

RSUs remaining 47,500 units Restricted stock units held directly after the reported transactions

Vesting period 2 years RSU grant vests over two years starting June 12, 2025

Vesting installments 8 quarterly installments RSU grant vests in eight equal quarterly installments beginning June 12, 2025

Key Terms

Restricted Stock Unit, Class A Ordinary Share, tax withholding obligations, compensatory award

4 terms

Restricted Stock Unit financial

"President Sanjiv Das exercised 23,750 Restricted Stock Units into 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.

Class A Ordinary Share financial

"23,750 Restricted Stock Units converted into 23,750 Class A Ordinary Shares"

A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.

tax withholding obligations financial

"Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting"

compensatory award financial

"tax withholding obligations arising exclusively from the vesting of a compensatory award"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Pagaya Technologies (PGY) report for its president?

Pagaya reported that President Sanjiv Das exercised 23,750 restricted stock units into Class A ordinary shares and sold 13,301 shares at $20.21 per share on September 12, 2026. The sale was described as necessary to cover tax withholding from a compensatory award vesting.

How many Pagaya (PGY) shares did the president sell on September 12, 2026?

On September 12, 2026, President Sanjiv Das sold 13,301 Class A ordinary shares of Pagaya at a price of $20.21 per share. A footnote explains that this sale was necessary to satisfy tax withholding obligations arising from the vesting of a compensatory award.

How many Pagaya (PGY) restricted stock units did the president exercise?

President Sanjiv Das exercised 23,750 restricted stock units, receiving 23,750 Class A ordinary shares on September 12, 2026. These units are part of a compensatory grant that is scheduled to vest in multiple quarterly installments.

What Pagaya (PGY) equity awards remain for the president after this Form 4?

After the reported transactions, President Sanjiv Das held 47,500 restricted stock units directly. According to the disclosure, this grant will vest over two years in eight equal quarterly installments starting on June 12, 2025.

What is the vesting schedule for the Pagaya (PGY) RSU grant reported?

The RSU grant reported for President Sanjiv Das will vest over two years in eight equal quarterly installments, with vesting starting on June 12, 2025. One of these vesting installments led to the September 12, 2026 exercise and related share sale.

Were the Pagaya (PGY) insider’s share sales part of a tax withholding event?

Yes. A footnote states that the 13,301-share sale on September 12, 2026 was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory equity award, indicating the sale was tied to tax obligations rather than a discretionary liquidation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/15/2026 - 06:19 PM Accepted by SEC EDGAR 09/15/2026 - 06:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DAS SANJIV

(Last) (First) (Middle)

C/O PAGAYA TECHNOLOGIES LTD.

335 MADISON AVENUE, 16TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Pagaya Technologies Ltd. [ PGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Share	09/12/2026		M		23,750	A	$0	167,935.538	D
Class A Ordinary Share	09/12/2026		S(1)		13,301	D	$20.21	154,634.538	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0	09/12/2026		M			23,750	(2)	(2)	Class A Ordinary Share	23,750	$0	47,500	D

Explanation of Responses:

1. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.

2. The grant shall vest over a period of two years in eight equal quarterly installments starting on June 12, 2025.

Remarks:

	/s/Eric Watson, Attorney-in-Fact	09/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)