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Pagaya (PGY) deputy CEO receives 185,000 RSU equity award vesting from 2026

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Pagaya Technologies Ltd. deputy chief executive officer Yulzari Yahav received a grant of 185,000 Restricted Stock Units on April 1, 2026. Each unit represents one Class A ordinary share at an effective grant price of $0.00.

The award will vest in eight equal quarterly installments beginning on June 25, 2026, aligning value with continued service over a two-year period. Following this compensation-related grant, Yahav holds 185,000 RSUs directly, with no sales or option exercises reported in this filing.

Positive

  • None.

Negative

  • None.
Insider Yulzari Yahav
Role Deputy Chief Executive Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 185,000 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 185,000 shares (Direct)
Footnotes (1)
  1. On April 1, 2026, the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant") by the Issuer. The transaction reported herein is being reported late due to an inadvertent administrative delay and not any error of the Reporting Person. The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026.
RSUs granted 185,000 units Restricted Stock Units granted April 1, 2026
Grant price $0.00 per unit RSU grant to deputy CEO
Post-transaction RSU holdings 185,000 units RSUs held directly after grant
Vesting installments 8 quarterly installments Vesting begins June 25, 2026
Restricted Stock Unit financial
"the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant")"
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.
Grant financial
"the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant")"
vest financial
"The Grant shall vest in eight equal quarterly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly installments financial
"The Grant shall vest in eight equal quarterly installments"
SEC Form 4
FORM 4UNITED 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*
Yulzari Yahav

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Deputy Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/01/2026A185,000 (2) (2)Class A Ordinary Share185,000$0185,000D
Explanation of Responses:
1. On April 1, 2026, the Reporting Person was granted 185,000 Restricted Stock Units (the "Grant") by the Issuer. The transaction reported herein is being reported late due to an inadvertent administrative delay and not any error of the Reporting Person.
2. The Grant shall vest in eight equal quarterly installments beginning on June 25, 2026.
Remarks:
/s/ Eric Watson, Attorney-in-Fact04/08/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Pagaya Technologies (PGY) report for Yulzari Yahav?

Pagaya Technologies reported that deputy chief executive officer Yulzari Yahav received a grant of 185,000 Restricted Stock Units on April 1, 2026. These RSUs are a stock-based compensation award and do not involve an open-market share purchase or sale.

How many Pagaya Technologies (PGY) RSUs were granted to Yulzari Yahav and at what price?

Yulzari Yahav was granted 185,000 Restricted Stock Units, each tied to one Class A ordinary share, at a grant price of $0.00 per unit. This structure is typical for equity compensation awards rather than cash purchases in the market.

What is the vesting schedule for Yulzari Yahav’s Pagaya Technologies (PGY) RSU grant?

The 185,000 RSU grant to Yulzari Yahav vests in eight equal quarterly installments beginning on June 25, 2026. This means the award converts into shares over roughly two years, subject to continued service and the company’s standard vesting conditions.

Did Yulzari Yahav buy or sell Pagaya Technologies (PGY) shares on the market in this Form 4?

No open-market buy or sell was reported. The Form 4 shows a grant of 185,000 Restricted Stock Units as compensation, coded as an acquisition (A) rather than a purchase or sale of existing Pagaya Technologies Class A ordinary shares.

How many Pagaya Technologies (PGY) RSUs does Yulzari Yahav hold after this transaction?

After the April 1, 2026 grant, Yulzari Yahav holds 185,000 Restricted Stock Units directly. These RSUs represent potential future Class A ordinary shares, subject to the quarterly vesting schedule that starts on June 25, 2026.

Why was the Pagaya Technologies (PGY) RSU grant to Yulzari Yahav reported late?

The company notes the RSU grant was reported late because of an inadvertent administrative delay. The footnote specifies that the delay was not due to any error by Yulzari Yahav, the reporting person on the Form 4.