Pagaya (PGY) Director Jason Gardner Receives Equity Award

What Happened

Jason M. Gardner, a director of Pagaya Technologies Ltd. (PGY), was granted a prorated annual equity award on 2026-09-01 totaling 5,946 shares at $0.00. The award consists of 1,953 Class A Ordinary Shares that vested immediately and 3,993 restricted stock units (RSUs) that represent contingent rights to receive one Class A Ordinary Share each; the RSUs vest in full on October 1, 2026. This transaction is a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (within the common 2-business-day reporting window).
• Transaction type/code: A — Award/Grant.
• Quantity and price: 5,946 shares acquired at $0.00 total.
  • 1,953 Class A Ordinary Shares immediately vested.
  • 3,993 RSUs vesting in full on 2026-10-01.
• Shares owned after transaction: Not specified in the filing provided.
• Footnote: F1 describes the prorated annual director award and vesting schedule.
• Exhibit: Exhibit 24 (Power of Attorney) included with the filing.

Context

RSUs are contingent rights to receive shares at vesting; until the RSUs vest and are delivered, they are not tradable shares. Grants to non-employee directors are common compensation and generally reflect routine corporate governance/compensation practices rather than an insider market signal.