Vieira Cory 4

What Happened
Cory Vieira, Pagaya Technologies’ Chief Accounting Officer, had 3,572 shares converted from a derivative (vested restricted stock units) on June 25, 2026 and concurrently sold 1,458 shares in an open-market sale at $15.83 each for proceeds of $23,080. The Form 4 also records a derivative conversion/disposition entry for 3,572 shares at $0.00, reflecting the conversion of the compensatory award into common shares. The sale was routine and done to satisfy tax withholding obligations, not a directional purchase by the insider.

Key Details

• Transaction date: June 25, 2026 (Form 4 filed June 29, 2026 — timely within SEC reporting window).
• Open-market sale: 1,458 shares at $15.83, total proceeds $23,080 (footnote F2: sale to satisfy tax withholding from vesting).
• Conversion/exercise: 3,572 shares reported as acquired via conversion/exercise at $0.00 and a corresponding derivative disposition entry of 3,572 shares at $0.00 (reflects RSU conversion).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes: F1 notes balance adjusted for ESPP activity; F2 confirms the sale was solely to satisfy tax withholding; F3 notes a 4/1/2026 grant of 28,571 RSUs vesting in eight equal quarterly installments beginning 6/25/2026 (≈3,572 shares per installment).

Context
This was a vesting/conversion of RSUs followed by a partial sale to cover taxes (a common, non-speculative event). The conversion is recorded as a derivative exercise/transfer of compensatory awards rather than a cash purchase. For retail investors, such tax-withholding sales are routine and do not necessarily signal insider sentiment about the company’s stock.