Pagaya President Sells 14,300 Shares for Taxes

The President's sale was necessary to satisfy tax withholding obligations arising exclusively from vesting a compensatory award.

Rhea-AI Filing Summary

Pagaya Technologies Ltd. President Sanjiv Das sold 14,300 Class A ordinary shares at $17.04 per share on September 28, 2026. On September 25, he converted 25,000 restricted stock units into 25,000 Class A ordinary shares. The reported post-transaction RSU position was 150,000.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider DAS SANJIV

Role President

Sold 14,300 shs ($244K)

Approx. gross sale proceeds $244K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Share F2	14,300	$17.04	$244K
Exercise	Restricted Stock Unit F3	25,000	$0.00	$0.00
Exercise	Class A Ordinary Share F1	25,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 150,000 contracts (Direct); Class A Ordinary Share — 173,864 shares (Direct)

Footnotes (3)

1. F1. Balance adjusted to correct a typographical error in Form 4 filed on 1/5/26.
2. F2. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.
3. F3. On April 1, 2026, the Reporting Person was granted 200,000 restricted stock units, vesting in eight equal quarterly installments beginning on June 25, 2026.

Key Figures

Class A ordinary shares sold: 14,300 shares Sale price per share: $17.04 per share Restricted stock units converted: 25,000 units +3 more

6 metrics

Class A ordinary shares sold 14,300 shares September 28, 2026

Sale price per share $17.04 per share September 28, 2026

Restricted stock units converted 25,000 units September 25, 2026

Class A ordinary shares received 25,000 shares Conversion of restricted stock units on September 25, 2026

Restricted stock units after transaction 150,000 units Reported following the September 25, 2026 transaction

Restricted stock units granted 200,000 units Granted April 1, 2026; vesting in eight equal quarterly installments

Key Terms

Restricted Stock Unit, tax withholding obligations, vesting

3 terms

Restricted Stock Unit financial

"25,000 restricted stock units"

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.

tax withholding obligations financial

"satisfy tax withholding obligations"

vesting financial

"arising exclusively from the vesting of a compensatory award"

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.

FAQ

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

How many PGY shares did President Sanjiv Das sell, and at what price?

Sanjiv Das sold 14,300 Class A ordinary shares at $17.04 per share on September 28, 2026. The sale was necessary to satisfy tax withholding obligations arising exclusively from vesting a compensatory award.

What was the vesting schedule for Sanjiv Das's PGY restricted stock units?

Das was granted 200,000 restricted stock units on April 1, 2026, vesting in eight equal quarterly installments beginning June 25, 2026.

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

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Available on EDGAR 09/29/2026 - 06:32 PM Accepted by SEC EDGAR 09/29/2026 - 06:31 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)
09/25/2026

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	09/25/2026		M		25,000	A	$0	188,164(1)	D
Class A Ordinary Share	09/28/2026		S(2)		14,300	D	$17.04	173,864	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	09/25/2026		M			25,000	(3)	(3)	Class A Ordinary Share	25,000	$0	150,000	D

Explanation of Responses:

1. Balance adjusted to correct a typographical error in Form 4 filed on 1/5/26.

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

3. On April 1, 2026, the Reporting Person was granted 200,000 restricted stock units, vesting in eight equal quarterly installments beginning on June 25, 2026.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Joshua Sills, Attorney-in-Fact	09/29/2026
	** 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)