A Form 4 filed on September 15, 2026, discloses that Tami Rosen, a director of Pagaya Technologies Ltd. (NASDAQ:PGY), acquired and subsequently sold Class A Ordinary Shares on September 12, 2026, in connection with the vesting of a compensatory award.

Key Highlights

  • RSU vesting: 15,625 Restricted Stock Units converted into 15,625 Class A Ordinary Shares at $0 exercise price on September 12, 2026.
  • Shares sold: 7,121 Class A Ordinary Shares were sold at $20.21 per share on September 12, 2026.
  • Tax-related sale: According to the filing, the sale "was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award."
  • Remaining direct ownership: Following the transactions, Rosen directly holds 23,904 Class A Ordinary Shares.
  • Outstanding RSUs: 31,250 Restricted Stock Units remain beneficially owned following the reported transaction.
  • Vesting schedule: The RSU grant vests over two years in eight equal quarterly installments starting June 12, 2025.

Tami Rosen's RSU Vesting and Tax-Withholding Sale at Pagaya Technologies

According to the Form 4 filed with the SEC, Tami Rosen, identified as a director of Pagaya Technologies Ltd., reported two non-derivative transactions and one derivative transaction on September 12, 2026. The first transaction was a conversion (transaction code M) of 15,625 Restricted Stock Units into 15,625 Class A Ordinary Shares at a price of $0, bringing her direct beneficial ownership to 31,025 shares immediately after that conversion.

The second transaction was the sale (transaction code S) of 7,121 Class A Ordinary Shares at $20.21 per share. The filing states that this sale was made to satisfy tax withholding obligations tied exclusively to the vesting of the compensatory award, not as a discretionary open-market sale. After this sale, Rosen's direct beneficial ownership in Class A Ordinary Shares stood at 23,904. In Table II, the filing also records the disposition of 15,625 RSUs via the M transaction, leaving 31,250 RSUs remaining in direct beneficial ownership.

The filing notes that the RSU grant vests over a period of two years in eight equal quarterly installments starting on June 12, 2025. The Form 4 was signed by Eric Watson as attorney-in-fact on September 15, 2026, and the issuer is identified on the filing as Pagaya Technologies Ltd. with the ticker symbol PGY on NASDAQ.

What Was Disclosed

The filing reports a director-level RSU vesting event at Pagaya Technologies on September 12, 2026, in which 15,625 units converted to shares, followed by a 7,121-share sale at $20.21 to cover tax withholding, leaving 23,904 shares and 31,250 RSUs directly owned.