Pagaya (PGY) Chief Accounting Officer Cory Vieira Sells 2,170 Shares

What Happened
Cory Vieira, Chief Accounting Officer of Pagaya Technologies (PGY), converted/exercised 3,572 derivative shares on Sep 25, 2026 (no cash paid) and sold 2,170 shares in an open-market transaction on Sep 28, 2026 at $17.04 per share for proceeds of $36,977. The filing indicates the sale was to satisfy tax withholding obligations tied to the vesting of a compensatory award.

Key Details

• Transactions:
  • Sep 25, 2026 — Exercise/conversion of derivative: 3,572 shares acquired at $0.00 (code M).
  • Sep 28, 2026 — Open-market sale: 2,170 shares sold at $17.04 each for total proceeds of $36,977 (code S).
• Footnotes:
  • F1: Sale was necessary to satisfy tax withholding obligations arising exclusively from vesting of a compensatory award.
  • F2: On Apr 1, 2026 Vieira was granted 28,571 restricted stock units vesting in eight equal quarterly installments beginning Jun 25, 2026 (3,572 per installment ≈ the converted amount).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing date: Form filed Sep 29, 2026; the report covers activity on Sep 25–28, 2026. No late-filing flag is indicated in the summary provided.
• Remarks: Exhibit 24 (Power of Attorney) included.

Context
The conversion of 3,572 derivative units at $0 appears tied to the scheduled vesting of previously granted RSUs (see F2). The subsequent sale of 2,170 shares was disclosed as to cover tax withholding from that compensatory vest—this is a routine, non-speculative transaction and not necessarily an indicator of sentiment. For retail investors: purchases typically carry more signal than routine sales to cover taxes.