Pagaya Technologies (PGY) president sells 14,000 shares as RSUs vest

Rhea-AI Filing Summary

Pagaya Technologies Ltd. reports insider equity transactions by President Sanjiv Das. On June 25, 2026, he sold 14,000 Class A Ordinary Shares at $15.83 per share. A footnote explains this sale was required to cover tax withholding from a compensatory award.

On the same date, he exercised 25,000 restricted stock units into Class A Ordinary Shares at a conversion price of $0.00, increasing his direct holdings to 179,474.538 Class A Ordinary Shares. A separate footnote notes a grant of 200,000 restricted stock units awarded on April 1, 2026, vesting in eight equal quarterly installments beginning June 25, 2026.

Insights

Equity compensation analyst

Tax-related sale alongside RSU vesting looks like routine compensation activity.

President Sanjiv Das completed two linked equity events. He exercised 25,000 restricted stock units into Class A Ordinary Shares at $0.00, while 14,000 shares were sold at $15.83 per share.

A footnote states the sale was necessary to satisfy tax withholding obligations from a compensatory award, indicating a mechanical disposition rather than a discretionary portfolio move. After these transactions, he directly holds 179,474.538 Class A Ordinary Shares.

Another footnote notes a grant of 200,000 restricted stock units on April 1, 2026, vesting in eight equal quarterly installments starting June 25, 2026. Subsequent filings may show additional vesting and related tax-driven sales as this grant continues to vest.

Insider Trade Summary

Net Seller: 14,000 shares ($221,620)

Net Sell 3 txns

Insider DAS SANJIV

Role President

Sold 14,000 shs ($222K)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	25,000	$0.00	--
Exercise	Class A Ordinary Share	25,000	$0.00	--
Sale	Class A Ordinary Share	14,000	$15.83	$222K

Holdings After Transaction: Restricted Stock Unit — 175,000 shares (Direct, null); Class A Ordinary Share — 179,474.538 shares (Direct, null)

Footnotes (1)

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

Shares sold: 14,000 shares Sale price: $15.83 per share RSUs exercised: 25,000 units +3 more

6 metrics

Shares sold 14,000 shares Class A Ordinary Shares sold at $15.83 on June 25, 2026

Sale price $15.83 per share Price for 14,000 Class A Ordinary Shares sold

RSUs exercised 25,000 units Restricted stock units converted into Class A shares at $0.00

Post-transaction holdings 179,474.538 shares Direct Class A Ordinary Share holdings after transactions

RSU grant size 200,000 RSUs Grant on April 1, 2026, vesting in eight quarterly installments

Net share change 11,000 shares 25,000 RSUs exercised minus 14,000 shares sold

Key Terms

restricted stock units, tax withholding obligations, compensatory award, derivative exercise/conversion, +1 more

5 terms

restricted stock units financial

"On April 1, 2026, the Reporting Person was granted 200,000 restricted stock units, vesting in eight equal quarterly installments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"Sale of shares was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award"

compensatory award financial

"arising exclusively from the vesting of a compensatory award"

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:37 PM Accepted by SEC EDGAR 06/29/2026 - 04:36 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)
06/25/2026

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	06/25/2026		M		25,000	A	$0	179,474.538	D
Class A Ordinary Share	06/25/2026		S		14,000	D	$15.83(1)	165,474.538	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	06/25/2026		M			25,000	(2)	(2)	Class A Ordinary Share	25,000	$0	175,000	D

Explanation of Responses:

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

2. 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:

	/s/Eric Watson, Attorney-in-Fact	06/29/2026
	** 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)

FAQ

What insider transactions did Pagaya Technologies (PGY) report for Sanjiv Das?

Pagaya’s president Sanjiv Das reported selling 14,000 Class A Ordinary Shares at $15.83 and exercising 25,000 restricted stock units into shares at $0.00. These transactions occurred on June 25, 2026 and changed his direct shareholdings.

Why did Pagaya’s president sell 14,000 PGY shares on June 25, 2026?

The filing states the 14,000-share sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. This indicates the disposition was driven by tax requirements rather than a discretionary open-market portfolio decision.

How many Pagaya shares does Sanjiv Das hold after the June 25, 2026 transactions?

After the reported Form 4 transactions, Sanjiv Das directly holds 179,474.538 Class A Ordinary Shares of Pagaya Technologies Ltd. This reflects his position following the 14,000-share tax-related sale and the 25,000-share restricted stock unit exercise.

What restricted stock units did Pagaya grant to Sanjiv Das in 2026?

On April 1, 2026, Pagaya granted Sanjiv Das 200,000 restricted stock units. According to the footnote, these RSUs vest in eight equal quarterly installments, beginning on June 25, 2026, creating a structured schedule of future equity vesting events.

Was the June 25, 2026 Pagaya insider sale a typical tax-withholding event?

Yes. The footnote explains the 14,000-share sale was required solely to satisfy tax withholding obligations tied to vesting of a compensatory award. Such sales are commonly mechanistic and linked to payroll tax requirements rather than market-timing decisions.

Did Sanjiv Das have any derivative positions remaining after these Pagaya transactions?

The Form 4 shows a derivative transaction involving 25,000 restricted stock units converting into Class A shares at $0.00. The derivative summary section in the provided data is empty, and the filing excerpt does not list additional remaining derivative positions.