Pagaya (PGY) deputy CEO Avital Pardo awarded 185,000 RSUs in equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Pardo Avital reported acquisition or exercise transactions in this Form 4 filing.

Pagaya Technologies Ltd. reported that Deputy Chief Executive Officer Avital Pardo received a grant of 185,000 Restricted Stock Units on April 1, 2026. Each RSU represents a right to receive one Class A ordinary share.

According to the disclosure, the grant will vest in eight equal quarterly installments beginning on June 25, 2026, meaning the award is spread over two years and is tied to ongoing service. The company noted that the Form 4 was filed late due to an inadvertent administrative delay rather than any error by the reporting person.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pardo Avital

Role Deputy Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	185,000	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 185,000 shares (Direct)

Footnotes (1)

On April 1, 2026, the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant") by the Issuer. The transaction reported herein is being reported late due to an inadvertent administrative delay and not any error of the Reporting Person. The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026.

Key Figures

RSUs granted: 185,000 units Shares underlying RSUs: 185,000 shares Vesting installments: 8 quarterly installments +2 more

5 metrics

RSUs granted 185,000 units Restricted Stock Unit grant on April 1, 2026

Shares underlying RSUs 185,000 shares Class A ordinary shares underlying the RSUs

Vesting installments 8 quarterly installments Vesting schedule beginning June 25, 2026

Post-transaction derivative holdings 185,000 RSUs Total derivative securities following the transaction

Transaction code A (grant/award) Indicates grant or award acquisition of RSUs

Key Terms

Restricted Stock Unit, quarterly installments, vesting, Grant

4 terms

Restricted Stock Unit financial

"the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant")"

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.

quarterly installments financial

"The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026."

vesting financial

"The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Grant financial

"the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant") by the Issuer."

Form 4 Insider Transactions: What Each Field Means →

04/08/2026 - 05:32 PM

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^*

Pardo Avital

(Last)

(First)

(Middle)

C/O PAGAYA TECHNOLOGIES LTD.

335 MADISON AVENUE, 16TH FLOOR

(Street)

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
X	Officer (give title below)	Other (specify below)
	Deputy Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0⁽¹⁾	04/01/2026		A		185,000		⁽²⁾	⁽²⁾	Class A Ordinary Share	185,000	$0	185,000	D

Explanation of Responses:

1. On April 1, 2026, the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant") by the Issuer. The transaction reported herein is being reported late due to an inadvertent administrative delay and not any error of the Reporting Person.

2. The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026.

Remarks:

	/s/ Eric Watson, Attorney-in-Fact	04/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Pagaya Technologies (PGY) report for Avital Pardo?

Pagaya Technologies reported that Deputy CEO Avital Pardo received a grant of 185,000 Restricted Stock Units on April 1, 2026. Each RSU is tied to one Class A ordinary share, representing equity-based compensation rather than an open-market share purchase or sale.

How many Pagaya Technologies (PGY) RSUs were granted to Avital Pardo and when?

Avital Pardo was granted 185,000 Restricted Stock Units on April 1, 2026. This award reflects equity compensation in derivative form, with the RSUs convertible into an equal number of Class A ordinary shares upon vesting, subject to the stated quarterly schedule.

What is the vesting schedule for Avital Pardo’s 185,000 Pagaya (PGY) RSUs?

The 185,000 Restricted Stock Units will vest in eight equal quarterly installments beginning on June 25, 2026. This structure spreads vesting over roughly two years, aligning Pardo’s compensation with continued service and the company’s longer-term performance milestones.

Did Avital Pardo buy or sell Pagaya Technologies (PGY) shares in this Form 4?

No open-market buy or sell occurred; the Form 4 reports an acquisition of 185,000 Restricted Stock Units as a grant. The transaction is coded “A” for grant or award, indicating compensation rather than voluntary trading activity in Pagaya’s Class A ordinary shares.

What are Avital Pardo’s Pagaya (PGY) derivative holdings after this RSU grant?

After the reported transaction, Avital Pardo directly holds 185,000 Restricted Stock Units linked to Pagaya Class A ordinary shares. The filing’s derivative summary shows no additional derivative positions, so the visible derivative exposure in this report is entirely from this newly granted RSU award.