Pardo Avital 4

What Happened
Pardo Avital, CEO of Pagaya Technologies Ltd. (PGY), was granted 185,000 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the award as a derivative transaction (code A) with a reported acquisition price of $0.00. This was a compensation grant (not a market purchase or sale) and does not represent immediate cash proceeds.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 8, 2026 (late filing noted).
• Transaction code: A (Award/Grant); reported price: $0.00.
• Grant size: 185,000 RSUs.
• Vesting: The award vests in eight equal quarterly installments beginning June 25, 2026 (per footnote).
• Shares owned after transaction: Not stated in the filing.
• Filing timeliness: Footnote says the report was filed late due to an inadvertent administrative delay; reported timeliness = L.

Context
RSUs are a form of equity compensation that convert into actual shares only as they vest, so this grant does not indicate an immediate buy or sell by the insider. Grants are commonly part of executive pay packages; a late Form 4 filing is typically an administrative compliance issue but should be monitored for recurrences.