Cory Vieira, chief accounting officer of Pagaya Technologies Ltd. (PGY), acquired 3,572 shares through an option exercise on September 25, 2026, according to an SEC Form 4 summary. The filing contains two transactions and reports $36,977 in total shares sold, alongside one transaction without a stated price.

The supplied SEC item was published on September 30, 2026, at 00:58 UTC. That is the publication timestamp provided for the report; the available material does not independently identify the filing’s submission date. The transaction date and publication date should therefore be read separately.

What the transactions show

The reported acquisition was an exercise of options. It should not be described as a purchase of shares on the open market. The summary identifies the number of shares acquired through that exercise, but does not provide an exercise price or the amount Vieira paid to exercise the options.

The $36,977 figure is the filing’s aggregate sale value. It is not a stated valuation of the 3,572-share acquisition. The supplied facts do not identify how many shares were sold, their execution price or whether the sale covered all, some or none of the shares obtained through the exercise.

The summary also indicates that no Rule 10b5-1 trading plan was reported. That disclosure does not, by itself, establish why Vieira exercised options or sold shares.

Limits of the disclosure

Analysis: The distinction between an option exercise and an open-market purchase matters when interpreting insider activity. This summary documents transactions, but provides insufficient detail to establish a change in Vieira’s overall economic exposure to Pagaya.

It also does not state Vieira’s remaining holdings, the tax consequences of the transactions or the intended use of sale proceeds. No conclusion about those matters follows from the figures supplied.

What to watch

The full filing would be the next source to check for the submission date, transaction-level prices, sale share count and post-transaction ownership. Those details would help clarify the relationship between the exercise and the reported sale.