Pagaya Technologies Executive Offloads 10,000 Shares at $20.24 Each

Rhea-AI Filing Summary

Insider Trading Alert: Tami Rosen, Chief Development Officer and Director of Pagaya Technologies (PGY), executed a planned sale of 10,000 Class A Ordinary Shares at $20.24 per share on June 25, 2025. The transaction was conducted under a pre-established 10b5-1 trading plan.

Following the transaction, Rosen retains direct beneficial ownership of 35,619 Class A Ordinary Shares. The sale represents a partial reduction in the insider's holdings, suggesting planned portfolio management rather than a significant shift in position.

• Transaction Type: Sale (S)
• Transaction Value: $202,400
• Ownership Type: Direct
• Filing Status: Individual filing

This Form 4 filing complies with SEC regulations requiring prompt disclosure of insider transactions, with the filing executed through an attorney-in-fact, Natalie Wilmore.

Insider Trade Summary

Net Seller: 10,000 shares ($202,400)

Net Sell 1 txn

Insider Rosen Tami

Role Chief Development Officer

Sold 10,000 shs ($202K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Share	10,000	$20.24	$202K

Holdings After Transaction: Class A Ordinary Share — 35,619 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

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	06/25/2025	06/25/2025	S(1)		10,000	D	$20.24	35,619	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:

1. This sale was effected pursuant to a 10b5-1 plan, as noted on the form specific filing information.

Remarks:

	/s/ Natalie Wilmore, Attorney-in-Fact	06/25/2025
	** 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.

FAQ

How many PGY shares did Chief Development Officer Tami Rosen sell on June 25, 2025?

Tami Rosen sold 10,000 Class A Ordinary Shares of PGY at a price of $20.24 per share on June 25, 2025.

How many PGY shares does Tami Rosen own after the June 25, 2025 transaction?

Following the reported transaction, Tami Rosen directly owns 35,619 Class A Ordinary Shares of PGY.

What positions does Tami Rosen hold at Pagaya Technologies (PGY)?

Tami Rosen serves in dual roles at Pagaya Technologies Ltd. (PGY) as both a Director and the Chief Development Officer of the company.

Was PGY insider Tami Rosen's stock sale planned under Rule 10b5-1?

Yes, the sale was executed pursuant to a 10b5-1 trading plan, as explicitly noted in the Form 4's explanation of responses.