Pagaya president exercises RSUs, sells shares

Pagaya Technologies Ltd. president Sanjiv Das exercised restricted stock units and sold shares related to that vesting.

Accepted by SEC EDGAR 03/16/2026 - 05:58 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Pagaya Technologies Ltd. president Sanjiv Das exercised restricted stock units and sold shares related to that vesting. On March 12, 2026, he converted 23,750 restricted stock units into the same number of Class A ordinary shares at an exercise price of $0.00 per share.

On the same date, he sold 9,702 Class A ordinary shares at $10.99 per share, with a footnote stating the sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. After these transactions, he directly owned 144,033.538 Class A ordinary shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider DAS SANJIV

Role President

Sold 9,702 shs ($107K)

Approx. gross sale proceeds $107K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	23,750	$0.00	$0.00
Exercise	Class A Ordinary Share	23,750	$0.00	$0.00
Sale	Class A Ordinary Share	9,702	$10.99	$107K

Holdings After Transaction: Restricted Stock Unit — 95,000 contracts (Direct); Class A Ordinary Share — 144,033.538 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.

FAQ

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

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

Sanjiv Das reported exercising 23,750 restricted stock units into Class A ordinary shares and selling 9,702 shares. These actions occurred on March 12, 2026 and were linked to the vesting of a compensatory equity award.

How many Pagaya (PGY) shares did Sanjiv Das sell and at what price?

He sold 9,702 Class A ordinary shares at $10.99 per share. A footnote explains the sale was required to cover tax withholding obligations triggered by the vesting of a compensatory stock award.

How many Pagaya (PGY) shares does Sanjiv Das own after this Form 4?

Following the reported transactions, Sanjiv Das directly owns 144,033.538 Class A ordinary shares. This reflects the net position after exercising 23,750 restricted stock units and selling 9,702 shares on March 12, 2026.

Were Sanjiv Das’s Pagaya (PGY) share sales discretionary or tax-related?

The sales were tax-related. A footnote states that selling the 9,702 shares was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory equity award, rather than an independent portfolio decision.

What type of equity award did Sanjiv Das exercise at Pagaya (PGY)?

He exercised restricted stock units that converted into 23,750 Class A ordinary shares at an exercise price of $0.00. Another footnote notes the grant vests over two years in eight equal quarterly installments starting June 12, 2025.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
03/12/2026

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	03/12/2026	03/12/2026	M		23,750	A	$0	153,735.538	D
Class A Ordinary Share	03/12/2026	03/12/2026	S(1)		9,702	D	$10.99	144,033.538	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	03/12/2026	03/12/2026	M			23,750	(2)	(2)	Class A Ordinary Share	23,750	$0	95,000	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	03/16/2026
	** 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.