Krubiner Gal 4

What Happened

• Gal Krubiner, Chief Executive Officer of Pagaya Technologies Ltd. (PGY), received a grant of 185,000 Restricted Stock Units (RSUs) on April 1, 2026. The grant is reported as a derivative award (transaction code A) with an acquisition price of $0.00 on the Form 4. This is an equity award/compensation grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 8, 2026 (reporting was late; see footnote).
• Grant: 185,000 RSUs, acquisition price reported as $0.00 (derivative award).
• Vesting: The RSUs vest in eight equal quarterly installments beginning June 25, 2026 (per footnote).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: reported late due to an inadvertent administrative delay (footnote states the lateness was administrative, not an error by the reporting person).
• No tax‑withholding or sale details are reported in this filing.

Context

• RSU grants are common executive compensation/retention tools; they do not represent immediately acquired free‑trading shares until vested. The economic value to the insider will depend on Pagaya’s share price at each vesting date.
• Because this is a grant (not a purchase or sale), it should be viewed as compensation rather than a direct signal of the insider buying or selling stock.