{
  "id": 7657293,
  "title": "Pagaya CFO Jonathan Dobres sells $18,000 of PGY shares",
  "url": "https://urgent.news/2026/09/15/pagaya-cfo-jonathan-dobres-sells-18-000-of-pgy-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T23:15:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pagaya-cfo-jonathan-dobres-sells-18000-of-pgy-shares-93CH-4902752"
  },
  "original_language": "en",
  "account": "Jonathan Dobres, Chief Financial Officer at Pagaya Technologies, divested Class A Ordinary Shares worth approximately $18,000 during June and September 2026. In June, he sold 403 shares at $15.48 each, followed by a September sale of 582 shares at $20.21 per share. This transaction occurred to fulfill tax obligations tied to the vesting of compensatory awards. Despite this, Pagaya's stock demonstrated a robust 92% return over the past six months, trading at $21.04 at present. Investment experts consider the company undervalued, noting its volatility among key insights. The sales followed the vesting of restricted stock units (RSUs), with Mr. Dobres acquiring 1,117 shares in June 2026 as part of an 8,929 RSU grant, and an additional 1,125 shares in September 2026 from a 9,000 RSU grant. He currently owns 7,566 shares. The Form 4 filing for these transactions was signed by Eric Watson, Attorney-in-Fact, on September 15, 2026. Notably, Pagaya reported strong Q2 2026 results, beating estimates with adjusted earnings of $1.07 per share and revenue of $365.63 million. Analysts at Citizens upgraded their price target to $25.00 from $22.00, citing the company's increased focus on loans and securities, though they caution on Pagaya's evolving credit profile.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}