Pagaya Technologies Ltd. reported a new equity award to Jonathan Dobres in a Form 4 insider ownership filing. The reported transaction took place on July 1, 2026, and involved the grant of 34,995 restricted stock units, or RSUs, tied to Pagaya securities. The award is scheduled to vest over two years in eight equal quarterly installments, beginning September 15, 2026. Based on the disclosed vesting structure, each quarterly installment would cover approximately one-eighth of the grant, or about 4,374 to 4,375 RSUs per installment, depending on rounding by the company’s equity plan administrator. The filing describes the RSUs as derivative securities beneficially owned following the reported transaction. No sale, open-market purchase, or cash exercise was reported in the provided text, and no transaction price was disclosed for the grant. The document also does not provide additional detail on Dobres’s total direct or indirect ownership of Pagaya ordinary shares beyond the reported RSU award. The Form 4 was signed on July 2, 2026, by Eric Watson as attorney-in-fact for Dobres. The key corporate action is therefore an insider equity compensation grant, not a market transaction, reflecting Pagaya’s issuance of time-vesting stock-based compensation to the reporting person.