Perros Evangelos 4

What Happened
Evangelos Perros, Chief Financial Officer of Pagaya Technologies Ltd. (PGY), was granted 175,000 restricted stock units (RSUs) on April 1, 2026. The Form 4 shows the award as a derivative acquisition at $0.00 (code A). RSUs are a grant that convert into common shares upon vesting; no cash purchase or open‑market sale occurred.

Key Details

• Transaction date: April 1, 2026 (reported on Form 4 filed April 8, 2026).
• Transaction type/code: Award (A) — 175,000 RSUs reported as derivative acquisition at $0.00.
• Vesting: The grant vests in eight equal quarterly installments beginning June 25, 2026 (per footnote).
• Shares owned after transaction: Not specified on the provided Form 4.
• Filing timeliness: The filing notes it was reported late due to an inadvertent administrative delay (footnote F1). This is a late filing (timeliness = L) but described as administrative.

Context
RSU grants are typically long‑term compensation/retention awards and do not represent an immediate purchase or sale of stock. The economic value to the insider depends on Pagaya’s share price when each tranche vests. A late administrative filing is a compliance detail investors should note, but the grant itself is routine executive compensation rather than a direct market signal.