Pagaya director Tami Rosen exercises 9,363 options

The reported post-transaction position included 22,777 directly held Class A Ordinary Shares and an option balance of 194,085.

Rhea-AI Filing Summary

Tami Rosen, a director of Pagaya Technologies Ltd. (PGY), exercised 9,363 options on October 19, 2026, at an exercise price of $10.68 per share to acquire 9,363 Class A Ordinary Shares. After the transaction, she directly held 22,777 Class A Ordinary Shares; the reported post-transaction option balance was 194,085 options. The options became fully vested and exercisable on February 28, 2024.

Insider Trade Summary

9,363 shares exercised/converted

Exercise 2 txns

Insider Rosen Tami

Role Director

Type	Security	Shares	Price	Value
Exercise	Incentive Stock Option (right to buy) F1, F2	9,363	$0.00	$0.00
Exercise	Class A Ordinary Share	9,363	$10.68	$100K

Holdings After Transaction: Incentive Stock Option (right to buy) — 194,085 contracts (Direct); Class A Ordinary Share — 22,777 shares (Direct)

Footnotes (2)

1. F1. Became fully vested and exercisable on February 28, 2024.
2. F2. Balance adjusted to reflect exercise of 18,819 options prior to the reporting person becoming subject to Section 16 reporting obligations.

Key Figures

Options exercised: 9,363 options Exercise price: $10.68 per share Class A Ordinary Shares acquired: 9,363 shares +2 more

5 metrics

Options exercised 9,363 options October 19, 2026

Exercise price $10.68 per share October 19, 2026 option exercise

Class A Ordinary Shares acquired 9,363 shares October 19, 2026

Directly held Class A Ordinary Shares after transaction 22,777 shares Following the October 19, 2026 transaction

Reported post-transaction option balance 194,085 options Following the October 19, 2026 transaction

Key Terms

Incentive Stock Option, fully vested and exercisable, Section 16 reporting obligations

3 terms

Incentive Stock Option technical

"Incentive Stock Option (right to buy)"

An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.

fully vested and exercisable technical

"Became fully vested and exercisable on February 28, 2024."

Section 16 reporting obligations regulatory

"prior to the reporting person becoming subject to Section 16 reporting obligations"

FAQ

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

How many PGY shares did Tami Rosen acquire through the option exercise?

Tami Rosen acquired 9,363 Class A Ordinary Shares through an option exercise on October 19, 2026, at an exercise price of $10.68 per share.

What holdings did Tami Rosen report after exercising PGY options?

After the October 19, 2026 transaction, Tami Rosen directly held 22,777 Class A Ordinary Shares, and her reported post-transaction option balance was 194,085 options.

Why does the PGY filing mention 18,819 options?

The reported option balance was adjusted to reflect the exercise of 18,819 options before Tami Rosen became subject to Section 16 reporting obligations.

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

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Available on EDGAR 10/20/2026 - 06:53 PM EDT Accepted by SEC EDGAR 10/20/2026 - 06:53 PM EDT 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)
10/19/2026

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	10/19/2026		M		9,363	A	$10.68	22,777	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
Incentive Stock Option (right to buy)	$10.68	10/19/2026		M			9,363	(1)	03/17/2031	Class A Ordinary Share	9,363	$0	194,085(2)	D

Explanation of Responses:

1. Became fully vested and exercisable on February 28, 2024.

2. Balance adjusted to reflect exercise of 18,819 options prior to the reporting person becoming subject to Section 16 reporting obligations.

Remarks:

	/s/ Joshua Sills, Attorney-in-Fact	10/20/2026
	** 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)