Pagaya (PGY) Officer Sells 12,123 Shares at $37 — Form 4

Pagaya Technologies Ltd. (PGY) officer Sanjiv Das reported a sale of Class A ordinary shares.

Rhea-AI Filing Summary

Pagaya Technologies Ltd. (PGY) officer Sanjiv Das reported a sale of Class A ordinary shares. The Form 4 shows that on 08/28/2025 Mr. Das, identified as an officer (President), disposed of 12,123 Class A ordinary shares at a price of $37 per share. After the transaction, the filing reports beneficial ownership of 86,439 shares. The Form 4 was filed as a single reporting person filing and is signed by an attorney-in-fact, Natalie Wilmore.

Positive

• Transaction disclosed on Form 4 providing transparency about insider holdings

Negative

• Officer disposed of 12,123 Class A ordinary shares at $37, reducing reported beneficial ownership to 86,439 shares

Insights

Financial Analyst

TL;DR: Officer sale of 12,123 shares at $37; transaction disclosed on Form 4.

The filing documents a straightforward non-derivative sale by the company President on 08/28/2025. The sale reduced his reported beneficial holding to 86,439 Class A ordinary shares. This disclosure provides clarity on insider holdings but contains no information about the reasons for the sale, company performance, or other transactions.

Corporate Governance Expert

TL;DR: Timely insider disclosure of a sale by an officer; no additional governance issues reported.

The Form 4 indicates compliance with Section 16 reporting for an officer-level insider. It records the disposition amount and post-transaction ownership and is signed by an authorized attorney-in-fact. The filing does not disclose any related-party arrangements, Rule 10b5-1 plan references, or amendments.

Insider Trade Summary

Net Seller: 12,123 shares

Net Sell 1 txn

Insider DAS SANJIV

Role President

Sold 12,123 shs ($449K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Share	12,123	$37.00	$449K

Holdings After Transaction: Class A Ordinary Share — 86,439 shares (Direct)

FAQ

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

What transaction did Pagaya (PGY) insider Sanjiv Das report?

The Form 4 reports a sale of 12,123 Class A ordinary shares on 08/28/2025 at a price of $37 per share.

What is Sanjiv Das’s reported ownership after the sale?

Following the reported transaction, the filing shows beneficial ownership of 86,439 Class A ordinary shares.

What role does the reporting person hold at Pagaya (PGY)?

The Form 4 identifies Sanjiv Das as an officer (President) of Pagaya Technologies Ltd.

Was the Form 4 filed by one or more reporting persons?

The filing indicates it was a Form filed by one reporting person.

Who signed the Form 4 filing for the reporting person?

The document is signed by Natalie Wilmore, Attorney-in-Fact on 08/28/2025.

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

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Accepted by SEC EDGAR 08/28/2025 - 04:15 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 NY 10017

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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

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

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

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	08/28/2025	08/28/2025	S		12,123	D	$37	86,439	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:

Remarks:

	/s/ Natalie Wilmore, Attorney-in-Fact	08/28/2025
	** 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.