Sanjiv Das, President of Pagaya Technologies Ltd., filed a Form 4 on September 15, 2026, disclosing transactions in Class A Ordinary Shares dated September 12, 2026, on NASDAQ:PGY.

Key Highlights

  • RSU vesting: 23,750 restricted stock units converted to Class A Ordinary Shares on September 12, 2026, at $0 exercise price.
  • Shares sold: 13,301 Class A Ordinary Shares were disposed of 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."
  • Post-transaction ownership: Das directly holds 154,634.538 Class A Ordinary Shares following the reported transactions.
  • Remaining RSUs: 47,500 restricted stock units remain beneficially owned following the transactions.
  • Vesting schedule: The RSU grant vests over two years in eight equal quarterly installments, starting June 12, 2025.

Sanjiv Das RSU Vesting and Tax Withholding Sale at Pagaya Technologies

According to the Form 4 filed September 15, 2026, Sanjiv Das, serving as President of Pagaya Technologies Ltd. (NASDAQ:PGY), reported two transactions in Class A Ordinary Shares, both dated September 12, 2026. The first was an acquisition coded "M," reflecting the conversion of 23,750 restricted stock units into an equivalent number of Class A Ordinary Shares at a price of $0. This vesting brought his directly held share total to 167,935.538 Class A Ordinary Shares immediately following that transaction.

The second transaction, coded "S," was the disposal of 13,301 Class A Ordinary Shares at $20.21 per share. The filing states that this sale "was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award." Following this disposal, Das directly held 154,634.538 Class A Ordinary Shares. The filing also notes that Das retains 47,500 restricted stock units as derivative securities held directly after the reported transactions.

The underlying RSU grant, per the filing, "shall vest 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. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan, as the corresponding checkbox was not checked.

What Was Disclosed

The filing discloses an RSU vesting event of 23,750 shares and a subsequent sale of 13,301 Class A Ordinary Shares at $20.21 attributed to tax withholding, leaving Das with 154,634.538 directly owned shares and 47,500 remaining RSUs.