Monitor future Form 4 filings from Dobres for any open-market purchases or sales, which would provide clearer signals on insider conviction. The cluster selling by other insiders just before this filing warrants attention but is not directly linked to Dobres' appointment.
Price Chart
Executive Summary
Jonathan Dobres filed a Form 3 as newly appointed CFO of Pagaya Technologies, disclosing direct ownership of 6,309 Class A shares, plus RSUs and vested options at $10.68. The filing is routine and does not contain material financial information. However, it coincides with recent insider selling by the President and another insider totaling $404K on June 12, 2026.
Key Facts
- Jonathan Dobres appointed CFO of Pagaya Technologies
- Form 3 discloses 6,309 Class A shares directly owned
- Holds 3,375 RSUs (March 2025 grant) and 8,929 RSUs (April 2026 grant)
- Holds 2,316 NQSOs and 1,577 ISOs at $10.68 strike, all vested
- Filing coincides with insider cluster selling of $404K by President and another insider on June 12
Financial Impact
Not specified
Risk Factors
- Insider selling cluster may indicate bearish sentiment among executives
- New CFO's options are deeply in-the-money, creating potential overhang if exercised and sold
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (PGY) — Batch item 1 | 0001628280-26-043601 |
| Document: 0001628280-26-043601-index-headers.html | cluster-PGY-1781643158635 |
| Document: 0001628280-26-043601-index.html | 0001628280-26-043601 |
| Document: 0001628280-26-043601.txt | 0001628280-26-043601 |
| CLUSTER Data (Synthetic) | 0001628280-26-043601 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Insider Cluster | $18.05 | awaiting T+20 | — | $19.33 (+7.09%) |
Oct 5, 2026 22d ago | 8-K | $18.40 | awaiting T+20 | — | $19.33 (+5.05%) |
Sep 29, 2026 27d ago | Insider Cluster | $17.32 | awaiting T+20 | — | $19.33 (+11.61%) |
Sep 18, 2026 5w ago | Insider Cluster | $20.90 $17.43 | ▲ +16.60% | ▲ +15.70% | $19.33 (+7.51%) |
Sep 15, 2026 5w ago | Insider Cluster | $21.64 $16.81 | ▼ −22.32% | ▼ −24.38% | $19.33 (−10.67%) |
Sep 15, 2026 5w ago | Insider Cluster | $21.64 $16.81 | ▼ −22.32% | ▼ −24.38% | $19.33 (−10.67%) |
Sep 3, 2026 7w ago | 3 | $22.98 $18.40 | ▼ −19.93% | ▼ −20.53% | $19.33 (−15.88%) |
Aug 4, 2026 12w ago | Insider Cluster | $21.92 $20.94 | ▼ −4.47% | ▼ −3.23% | $19.33 (−11.82%) |
Jul 30, 2026 12w ago | 8-K | $17.64 $23.26 | ▲ +31.86% | ▲ +27.89% | $19.33 (+9.58%) |
Jun 29, 2026 17w ago | Insider Cluster | $18.25 $16.96 | ▼ −7.07% | ▼ −6.04% | $19.33 (+5.92%) |
US Market Status
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