Pagaya Technologies Chief Development Officer Sells $214,823 worth of Shares By Investing.com

In the most recent transaction with the Securities and Exchange Commission, Pagaya (NASDAQ: PGY ) Chief Development Officer Rosen Tammy sold 21,547 shares of Class A common stock. The company, which is currently valued at $768 million, saw its stock rise 8 percent last week, however Invest Pro The data indicates that the stock often trades with high volatility. The shares were sold in January 2, 2025 at $9.97 per share for a total of $214,823. This sale was necessary to meet tax withholding obligations arising from the quarterly vesting of compensation awards.

Additionally, on January 1, 2025, Tammy received 56,916 Class A common shares at no cost following the issuance of restricted stock units (RSUs). After these transactions, Tammy directly owns 73,550 shares.

In other recent news, Pagaya Technologies reported strong financial results, with annual revenue approaching $1 billion and adjusted EBITDA reaching $220 million. The company’s strategic plans aim to reach GAAP profitability by 2025, with significant growth in loans, customer acquisitions and partner relationships. UBS maintained coverage on Pagaya Technologies, giving it a neutral rating and expressing caution due to uncertainties surrounding the credit loss rating of risk-retaining assets.

Shareholders approved significant changes to the company’s corporate structure, including the gradual separation of the board of directors, changes related to executive officer hiring and adjustment of ownership limits. Corey Vieira has been appointed as Chief Accounting Officer, bringing extensive experience from BHG Financial. American Express (NYSE: ), and GE Capital. These recent developments highlight Pagaya’s strong financial performance and strategic growth initiatives.

This article was created by AI Support and reviewed by an editor. See our T&C for more information.