Pagaya Technologies Ltd. — Director's Dealing 2024

Apr 9, 2024

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Pagaya Technologies Ltd. (PGY)
CIK: 0001883085
Period of Report: 2024-04-08

Reporting Person: Zeevi Avi (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Ordinary Share	5656	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$18.96	2031-12-29	Class A Ordinary Share (141372)		Direct
Non-Qualified Stock Option (right to buy)	$18.96	2032-01-25	Class A Ordinary Share (42041)		Direct
Restricted Stock Unit	$0		Class A Ordinary Share (5656)		Direct

Footnotes

F1: Represents total shares prior to the acquisition of shares on April 4, 2024.

F2: 1/2nd of the shares subject to the option became vested and exercisable on June 22, 2022, 1/3rd of the shares subject to the option became vested and exercisable on August 21, 2022, and the remainder of the shares subject to the option shall become vested and exercisable with the attainment of meeting the remaining performance goal specified in the option agreement.

F3: Subject to both time-based vesting and performance-based vesting conditions.

Time-based vesting condition: 1/4th of the shares subject to the option became vested on March 31, 2023, and 1/4th of the shares subject to the option shall become vested every twelve months thereafter.

Performance-based condition: 1/2nd of the shares subject to the option became vested on June 22, 2022, 1/3rd of the shares subject to the option became vested on August 21, 2022, and the remainder of the shares subject to the option shall become vested with the attainment of meeting the remaining performance goal specified in the option agreement.

F4: 1/4th of the total 11,312 restricted stock units initially subject to this award vested on December 13, 2023, and 1/4th of the total units initially subject to this award vest every three months thereafter.