Perros Evangelos 4

What Happened

• Evangelos Perros, Chief Financial Officer of Pagaya Technologies (PGY), had 22,766 shares convert from a compensatory derivative (RSU/award) on April 1, 2026. He sold 13,004 of those shares in an open-market transaction at $11.34 per share, generating $147,465. The remaining shares from the conversion were withheld/surrendered to satisfy tax withholding obligations (per the filing).

Key Details

• Transaction date(s): April 1, 2026 (reported April 2, 2026).
• Sale: 13,004 shares at $11.34 each — proceeds $147,465.
• Conversion: 22,766 shares were issued on conversion/vesting of a derivative award.
• Withholding: ~9,762 shares (22,766 converted minus 13,004 sold) were surrendered/withheld for taxes (footnote states the sale was to satisfy tax withholding).
• Vesting context: Footnote notes these shares are part of a 273,224-RSU award with scheduled vesting (earlier 1/6th vesting dates and remaining 2/3rds vesting quarterly through Jan 1, 2027).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filed the next day (Apr 2) for the Apr 1 transaction — no late-filing indication.

Context

• This was a routine conversion/vesting of compensatory awards (derivative-to-share conversion) with a partial open-market sale and remaining shares used for tax withholding. Such transactions are common following RSU vesting and do not alone indicate the insider’s market view. The filing shows a cash-generating sale to satisfy taxes rather than a discretionary sell-for-profit trade.