Pagaya director sells 9,720 PGY shares under plan

Pagaya Technologies Ltd. director Tami Rosen reported an open-market sale of 9,720 Class A Ordinary Shares at $15.14 per share.

Accepted by SEC EDGAR 04/20/2026 - 04:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Pagaya Technologies Ltd. director Tami Rosen reported an open-market sale of 9,720 Class A Ordinary Shares at $15.14 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, and Rosen continues to hold 37,544 shares directly after the sale.

Insider Trade Summary 10b5-1

Net Seller: 9,720 shares

Net Sell 1 txn

Insider Rosen Tami

Role Director

Sold 9,720 shs ($147K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Share	9,720	$15.14	$147K

Holdings After Transaction: Class A Ordinary Share — 37,544 shares (Direct)

Footnotes (1)

1. F1. This sale was effected pursuant to a 10b5-1 plan, as noted on the form specific filing information.

Key Figures

Shares sold: 9,720 shares Sale price: $15.14 per share Shares held after sale: 37,544 shares +2 more

5 metrics

Shares sold 9,720 shares Open-market sale of Class A Ordinary Shares

Sale price $15.14 per share Reported transaction price for the sale

Shares held after sale 37,544 shares Direct ownership following the transaction

Net share direction -9,720 shares Net change from reported transactions in this filing

Transaction code Code S Sale in open market or private transaction

Key Terms

Rule 10b5-1, open-market sale, Class A Ordinary Share, Form 4

4 terms

Rule 10b5-1 regulatory

"This sale was effected pursuant to a 10b5-1 plan, as noted"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Ordinary Share financial

"security_title: "Class A Ordinary Share""

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Pagaya Technologies (PGY) disclose for Tami Rosen?

Pagaya Technologies reported that director Tami Rosen completed an open-market sale of 9,720 Class A Ordinary Shares at $15.14 per share. This Form 4 filing reflects a routine insider transaction rather than a company-level operating event.

At what price did Tami Rosen sell Pagaya Technologies (PGY) shares?

Tami Rosen sold Pagaya Technologies shares at an average price of $15.14 per share. The sale covered 9,720 Class A Ordinary Shares, generating a transaction value based on that reported per-share price in the Form 4 filing.

How many Pagaya Technologies (PGY) shares does Tami Rosen hold after the sale?

After the reported sale, Tami Rosen directly holds 37,544 Class A Ordinary Shares of Pagaya Technologies. This post-transaction holding figure comes from the Form 4 and shows that Rosen retains a continuing equity position in the company.

Was the Pagaya Technologies (PGY) insider sale under a Rule 10b5-1 trading plan?

Yes. A footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged trading programs that allow insiders to sell shares on a scheduled basis, reducing the importance of short-term timing decisions.

What does the Form 4 transaction code 'S' mean for Pagaya Technologies (PGY)?

The Form 4 uses transaction code “S”, which indicates a sale in the open market or a private transaction. For this filing, it describes Tami Rosen’s open-market sale of 9,720 Pagaya Technologies Class A Ordinary Shares at $15.14 per share.

Is Tami Rosen’s Pagaya Technologies (PGY) transaction a buy or sell?

The Form 4 shows a sell transaction. It records an open-market sale of 9,720 Pagaya Technologies Class A Ordinary Shares, with the filing’s normalized fields identifying the transaction direction explicitly as a sale rather than an acquisition.

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

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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).

X

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^*

Rosen Tami

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

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	04/17/2026		S(1)		9,720	D	$15.14	37,544	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

Explanation of Responses:

1. This sale was effected pursuant to a 10b5-1 plan, as noted on the form specific filing information.

Remarks:

	/s/ Eric Watson, Attorney-in-Fact	04/20/2026
	** 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)