Pagaya (PGY) president receives 200,000 RSU grant vesting over 2 years

Rhea-AI Filing Summary

Pagaya Technologies Ltd. reported that President Sanjiv Das received a grant of 200,000 Restricted Stock Units on April 1, 2026 as equity compensation. The RSUs carry a zero exercise price and will convert into Class A ordinary shares as they vest.

The grant is scheduled to vest in eight equal quarterly installments beginning on June 25, 2026, effectively spreading vesting over two years. Following this award, Das is shown holding 200,000 RSUs directly, with no additional derivative positions listed in this filing. The company noted the transaction was reported late due to an administrative delay.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DAS SANJIV

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	200,000	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 200,000 shares (Direct)

Footnotes (1)

1. On April 1, 2026, the Reporting Person was granted 200,000 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.

Key Figures

RSU grant size: 200,000 RSUs Vesting schedule: 8 equal quarterly installments Exercise price: $0.00 per share +1 more

4 metrics

RSU grant size 200,000 RSUs Granted to President Sanjiv Das on April 1, 2026

Vesting schedule 8 equal quarterly installments Vesting begins on June 25, 2026

Exercise price $0.00 per share RSUs convert to Class A ordinary shares at no cost

Holdings after transaction 200,000 RSUs Total RSUs held directly following the grant

Key Terms

Restricted Stock Unit, Class A Ordinary Share, vesting, Reporting Person

4 terms

Restricted Stock Unit financial

"the Reporting Person was granted 200,000 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.

Class A Ordinary Share financial

"underlying_security_title": "Class A Ordinary Share""

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 financial

"The Grant shall vest in eight equal quarterly installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Reporting Person regulatory

"On April 1, 2026, the Reporting Person was granted 200,000 Restricted Stock Units"

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).

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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	(1)	04/01/2026		A		200,000		(2)	(2)	Class A Ordinary Share	200,000	$0	200,000	D

Explanation of Responses:

1. On April 1, 2026, the Reporting Person was granted 200,000 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-Fact	04/08/2026
	** 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)

FAQ

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

Pagaya reported that President Sanjiv Das received a grant of 200,000 Restricted Stock Units on April 1, 2026. These RSUs are equity compensation awards, not open-market purchases or sales, and will settle into Class A ordinary shares as they vest over time.

How many Pagaya (PGY) RSUs were granted to President Sanjiv Das?

President Sanjiv Das was granted 200,000 Restricted Stock Units. Each RSU represents the right to receive one Class A ordinary share upon vesting, giving him a sizable equity-based incentive aligned with the company’s future performance as the units convert into stock.

What is the vesting schedule for Sanjiv Das’s Pagaya (PGY) RSU grant?

The 200,000 RSUs will vest in eight equal quarterly installments starting June 25, 2026. This means one-eighth of the award becomes vested every quarter over roughly two years, encouraging longer-term alignment between the executive’s compensation and Pagaya’s business performance.

Did Sanjiv Das buy or sell Pagaya (PGY) shares in this Form 4 filing?

No open-market buy or sell occurred; the filing shows an RSU grant classified as an acquisition. The 200,000 Restricted Stock Units were awarded as compensation at a zero exercise price, rather than purchased or sold on the market, so it is not a trading signal.

Why was the Pagaya (PGY) Form 4 for Sanjiv Das’s RSU grant filed late?

The company stated the RSU grant was reported late due to an inadvertent administrative delay. The footnote clarifies that the delay was not caused by any error of the reporting person, indicating a procedural issue rather than a problem with the underlying transaction.

What are Sanjiv Das’s Pagaya (PGY) holdings after the RSU grant?

After the April 1, 2026 grant, the Form 4 shows Sanjiv Das holding 200,000 Restricted Stock Units directly. These RSUs represent potential future Class A ordinary shares, subject to the specified quarterly vesting schedule, and no additional derivative positions are listed in this filing.