The single-date, same-price pattern across three insiders suggests a planned liquidity event (e.g., tax-related or 10b5-1 plan) rather than a coordinated negative signal. Monitor next Form 4 filings for any open-market purchases by C-suite to gauge conviction.
Price Chart
Executive Summary
Three Pagaya insiders, including the President and CFO, sold a total of $424K in shares on September 12, 2026, all at $20.21. The sales are modest relative to the company's market cap and appear coordinated on a single date, suggesting a routine liquidity event rather than a material negative signal.
Key Financial Metrics
Key Facts
- President Sanjiv Das sold $269K worth of shares (13.3K shares at $20.21).
- CFO Jonathan Dobres sold $12K worth of shares (582 shares at $20.21).
- Director Tami Rosen sold $144K worth of shares (7.1K shares at $20.21).
- Total insider sales of $424K represent a small fraction of market cap.
- All three sales occurred on the same date (2026-09-12) at the identical price of $20.21.
Financial Impact
Total insider sales of $424K, well under 0.1% of market cap — trivial relative to company size.
Risk Factors
- Insiders could be selling into strength ahead of a negative catalyst not yet public.
- Lack of insider buying alongside the sales may indicate limited conviction in near-term upside.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PGY-1789680955997 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Insider Cluster | $18.05 | awaiting T+20 | — | $18.88 (+4.60%) |
Oct 5, 2026 21d ago | 8-K | $18.40 | awaiting T+20 | — | $18.88 (+2.61%) |
Sep 29, 2026 27d ago | Insider Cluster | $17.32 | awaiting T+20 | — | $18.88 (+9.01%) |
Sep 18, 2026 5w ago | Insider Cluster | $20.90 $17.43 | ▲ +16.60% | ▲ +15.70% | $18.88 (+9.67%) |
Sep 15, 2026 5w ago | Insider Cluster | $21.64 $16.81 | ▼ −22.32% | ▼ −24.38% | $18.88 (−12.75%) |
Sep 15, 2026 5w ago | Insider Cluster | $21.64 $16.81 | ▼ −22.32% | ▼ −24.38% | $18.88 (−12.75%) |
Sep 3, 2026 7w ago | 3 | $22.98 $18.40 | ▼ −19.93% | ▼ −20.53% | $18.88 (−17.84%) |
Aug 4, 2026 11w ago | Insider Cluster | $21.92 $20.94 | ▼ −4.47% | ▼ −3.23% | $18.88 (−13.87%) |
Jul 30, 2026 12w ago | 8-K | $17.64 $23.26 | ▲ +31.86% | ▲ +27.89% | $18.88 (+7.03%) |
Jun 29, 2026 17w ago | Insider Cluster | $18.25 $16.96 | ▼ −7.07% | ▼ −6.04% | $18.88 (+3.45%) |
US Market Status
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