Pagaya director exercises RSUs, sells 7,121 shares

A Pagaya Technologies Ltd. director exercised RSUs and sold shares primarily to cover tax withholding tied to a vesting compensatory award.

Rhea-AI Filing Summary

Pagaya Technologies Ltd. (PGY) director Tami Rosen reported equity compensation activity on September 12, 2026. She exercised 15,625 Restricted Stock Units into an equal number of Class A Ordinary Shares at a $0.00 exercise price, then sold 7,121 shares at $20.21 per share to satisfy tax withholding obligations from the vesting. Following the exercise, she continued to hold 31,250 Restricted Stock Units subject to future vesting under a grant that vests in eight equal quarterly installments over two years starting June 12, 2025.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Rosen Tami

Role Director

Sold 7,121 shs ($144K)

Approx. gross sale proceeds $144K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F2	15,625	$0.00	$0.00
Exercise	Class A Ordinary Share	15,625	$0.00	$0.00
Sale	Class A Ordinary Share F1	7,121	$20.21	$144K

Holdings After Transaction: Restricted Stock Unit — 31,250 contracts (Direct); Class A Ordinary Share — 23,904 shares (Direct)

Footnotes (2)

1. F1. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.
2. F2. The grant shall vest over a period of two years in eight equal quarterly installments starting on June 12, 2025.

Key Figures

RSUs exercised: 15,625 units Shares acquired via RSU exercise: 15,625 shares Shares sold: 7,121 shares +3 more

6 metrics

RSUs exercised 15,625 units Restricted Stock Units converted into Class A Ordinary Shares on September 12, 2026

Shares acquired via RSU exercise 15,625 shares Class A Ordinary Shares received upon RSU exercise on September 12, 2026

Shares sold 7,121 shares Class A Ordinary Shares sold on September 12, 2026

Sale price $20.21 per share Price for 7,121 Class A Ordinary Shares sold on September 12, 2026

RSUs remaining 31,250 units Restricted Stock Units held directly after the reported RSU exercise

Exercise price $0.00 per share Exercise or conversion price for 15,625 RSUs into Class A Ordinary Shares

Key Terms

Restricted Stock Unit, tax withholding obligations, compensatory award, quarterly installments

4 terms

Restricted Stock Unit financial

"The security reported as a derivative is a Restricted Stock Unit."

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

"Sale of securities was necessary to satisfy tax withholding obligations arising"

compensatory award financial

"obligations arising exclusively from the vesting of a compensatory award."

quarterly installments financial

"The grant shall vest over a period of two years in eight equal quarterly installments"

FAQ

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

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

Tami Rosen exercised 15,625 RSUs into Class A Ordinary Shares and sold 7,121 shares at $20.21 per share on September 12, 2026, with the sale described as necessary to satisfy tax withholding obligations from a compensatory award vesting.

How many Pagaya Technologies (PGY) RSUs did Tami Rosen exercise and at what price?

On September 12, 2026, Tami Rosen exercised 15,625 Restricted Stock Units into the same number of Class A Ordinary Shares at an exercise price of $0.00 per share, reflecting a compensatory equity award rather than a cash-paid option.

How many Pagaya Technologies (PGY) shares did Tami Rosen sell and why?

She sold 7,121 Class A Ordinary Shares at $20.21 per share on September 12, 2026. A footnote states the sale was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.

What RSU holdings does Tami Rosen retain at Pagaya Technologies (PGY) after this Form 4?

After the September 12, 2026 exercise, Tami Rosen held 31,250 Restricted Stock Units directly, according to the filing’s post-transaction derivative holdings figure for her RSU award.

How do Tami Rosen’s Pagaya Technologies (PGY) RSUs vest over time?

The RSU grant vests over two years in eight equal quarterly installments starting on June 12, 2025, as disclosed in a footnote describing the vesting schedule of the compensatory award.

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

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmatively marked, and the footnotes describe the sale as for tax withholding obligations, not as part of a disclosed Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/15/2026 - 06:24 PM Accepted by SEC EDGAR 09/15/2026 - 06:24 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^*

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)
09/12/2026

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	09/12/2026		M		15,625	A	$0	31,025	D
Class A Ordinary Share	09/12/2026		S(1)		7,121	D	$20.21	23,904	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	09/12/2026		M			15,625	(2)	(2)	Class A Ordinary Share	15,625	$0	31,250	D

Explanation of Responses:

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

2. The grant shall vest over a period of two years in eight equal quarterly installments starting on June 12, 2025.

Remarks:

	/s/ Eric Watson, Attorney-in-Fact	09/15/2026
	** 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)