Pagaya Technologies president Sanjiv Das sells $243,672 in shares

Sanjiv Das, President of Pagaya Technologies Ltd., sold 14,300 Class A Ordinary Shares worth $243,672 on September 28, 2026. The shares, priced at $17.04 each, were primarily sold to meet tax withholding obligations from a compensatory award. PGY shares were trading near $17.37, with a 7% decline over the past week. Despite this market downturn, Pagaya Technologies remains undervalued according to InvestingPro's analysis, ranking among the most undervalued stocks.

The company has been profitable over the past year, with analysts predicting continued profitability this year. Prior to the sale, Das had acquired 25,000 Class A Ordinary Shares on September 25, 2026, as part of a larger grant of 200,000 restricted stock units awarded in April 2026. These units began vesting in eight equal quarterly installments, with the first occurring on June 25, 2026.

Following the reported transactions, Das now holds 173,864 Class A Ordinary Shares, along with 150,000 derivative securities in the form of restricted stock units. Recently, Pagaya Technologies reported impressive second-quarter results, surpassing Wall Street expectations with adjusted earnings of $1.07 per share on $365.63 million in revenue.

Analysts remain optimistic, with StoneX maintaining a Buy rating and Citizens upgrading their rating to Market Outperform.