Pagaya Technologies Ltd. (PGY) CFO details share, RSU and option holdings

Rhea-AI Filing Summary

Pagaya Technologies Ltd. Chief Financial Officer Jonathan Dobres filed an initial ownership report detailing his equity position in the company. He directly holds 6,309 Class A Ordinary Shares, plus restricted stock units covering 8,929 and 3,375 Class A shares, and stock options on 2,316 and 1,577 Class A shares at an exercise price of $10.68 per share expiring on August 30, 2031.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Dobres Jonathan

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Restricted Stock Unit	--	--	--
holding	Non-Qualified Stock Option (right to buy)	--	--	--
holding	Incentive Stock Option (right to buy)	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Class A Ordinary Share	--	--	--

Holdings After Transaction: Restricted Stock Unit — 3,375 shares (Direct, null); Non-Qualified Stock Option (right to buy) — 2,316 shares (Direct, null); Incentive Stock Option (right to buy) — 1,577 shares (Direct, null); Class A Ordinary Share — 6,309 shares (Direct, null)

Footnotes (1)

1. On March 13, 2025, the reporting person was granted 9,000 restricted stock units, vesting in eight equal quarterly installments beginning on June 12, 2025. On August 30, 2021, the reporting person was granted 24,833 stock options which have all vested. 2,316 stock options remain outstanding and exercisable. On August 30, 2021, the reporting person was granted 37,452 stock options which have all vested. 1,577 stock options remain outstanding and exercisable. On April 1, 2026, the reporting person was granted 8,929 restricted stock units, vesting in eight equal quarterly installments beginning on June 25, 2026.

Key Figures

Direct Class A shares: 6,309 shares RSU underlying shares: 8,929 shares Additional RSU underlying shares: 3,375 shares +5 more

8 metrics

Direct Class A shares 6,309 shares Directly held Class A Ordinary Shares following reporting

RSU underlying shares 8,929 shares Restricted Stock Units referencing Class A shares granted April 1, 2026

Additional RSU underlying shares 3,375 shares Restricted Stock Units referencing Class A shares from earlier grant

Non-qualified options 2,316 shares Non-Qualified Stock Options, exercise price $10.68, expire August 30, 2031

Incentive stock options 1,577 shares Incentive Stock Options, exercise price $10.68, expire August 30, 2031

Option exercise price $10.68/share Exercise price for both incentive and non-qualified stock options

2021 option grant sizes 24,833 and 37,452 options Original option grants on August 30, 2021 per footnotes

RSU grant sizes 9,000 and 8,929 RSUs RSU grants on March 13, 2025 and April 1, 2026

Key Terms

Restricted Stock Unit, Incentive Stock Option, Non-Qualified Stock Option, Class A Ordinary Share, +1 more

5 terms

Restricted Stock Unit financial

"The reporting person holds Restricted Stock Units referencing Class A Ordinary Shares."

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.

Incentive Stock Option financial

"An Incentive Stock Option (right to buy) covers 1,577 Class A shares."

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.

Non-Qualified Stock Option financial

"A Non-Qualified Stock Option (right to buy) covers 2,316 Class A shares."

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

Class A Ordinary Share financial

"Holdings relate to Pagaya Technologies Ltd. Class A Ordinary Shares."

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.

vesting in eight equal quarterly installments financial

"RSU grants vest in eight equal quarterly installments beginning on specified dates."

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Dobres Jonathan

(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. Date of Event Requiring Statement (Month/Day/Year)
06/15/2026

3. Issuer Name and Ticker or Trading Symbol
Pagaya Technologies Ltd. [ PGY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Share	6,309	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	(1)	Class A Ordinary Share	3,375	$0	D
Non-Qualified Stock Option (right to buy)	(2)	08/30/2031	Class A Ordinary Share	2,316	$10.68	D
Incentive Stock Option (right to buy)	(3)	08/30/2031	Class A Ordinary Share	1,577	$10.68	D
Restricted Stock Unit	(4)	(4)	Class A Ordinary Share	8,929	$0	D

Explanation of Responses:

1. On March 13, 2025, the reporting person was granted 9,000 restricted stock units, vesting in eight equal quarterly installments beginning on June 12, 2025.

2. On August 30, 2021, the reporting person was granted 24,833 stock options which have all vested. 2,316 stock options remain outstanding and exercisable.

3. On August 30, 2021, the reporting person was granted 37,452 stock options which have all vested. 1,577 stock options remain outstanding and exercisable.

4. On April 1, 2026, the reporting person was granted 8,929 restricted stock units, vesting in eight equal quarterly installments beginning on June 25, 2026.

Remarks:

	/s/ Eric Watson, Attorney-in-Fact	06/16/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Pagaya (PGY) CFO Jonathan Dobres report in this Form 3?

Jonathan Dobres reports his initial ownership of Pagaya equity. He lists 6,309 Class A Ordinary Shares, multiple restricted stock unit awards, and vested stock options, providing a baseline view of his direct economic stake as Chief Financial Officer.

How many Pagaya (PGY) Class A shares does the CFO directly own?

Jonathan Dobres directly owns 6,309 Class A Ordinary Shares. This figure represents his current common equity stake separate from any restricted stock units or stock options that may convert into additional Class A shares in the future.

What restricted stock units does Pagaya (PGY) CFO Jonathan Dobres hold?

He holds restricted stock units covering 8,929 and 3,375 Class A Ordinary Shares. Footnotes state 9,000 RSUs were granted on March 13, 2025 and 8,929 RSUs on April 1, 2026, each vesting in eight equal quarterly installments after the stated start dates.

What stock options does the Pagaya (PGY) CFO report in this filing?

He reports incentive and non-qualified stock options on 1,577 and 2,316 Class A shares. These options have a $10.68 exercise price and expire on August 30, 2031, reflecting vested awards that remain outstanding and exercisable according to the footnotes.

When were the Pagaya (PGY) CFO’s option grants originally awarded?

Footnotes state option grants occurred on August 30, 2021. One grant covered 24,833 options, of which 2,316 remain, and another covered 37,452 options, of which 1,577 remain outstanding and exercisable, indicating prior vesting and partial utilization or expiration.

How do the Pagaya (PGY) CFO’s RSUs vest over time?

The March 13, 2025 grant of 9,000 RSUs vests in eight equal quarterly installments starting June 12, 2025. The April 1, 2026 grant of 8,929 RSUs vests in eight equal quarterly installments beginning June 25, 2026, linking awards to multi-year service.