Pagaya President Sanjiv Das sells 13,304 shares ($540.4K) at $40.62, cutting stake 12.1%; stock up 24.9% in 30d, 120.6% in 90d.
Sanjiv Das, President of Pagaya Technologies, sold 13,304 shares for $540.4K on 2025-09-15, reducing his post-transaction holdings to 96,885 shares (a 12.1% reduction from 110,189 shares). The sale occurred at $40.62, below the current price of $41.59 and only 0.9% below the 52-week high of $41.95. The stock has experienced strong momentum, with 30-day and 90-day returns of +24.9% and +120.6% respectively, reflecting significant recent appreciation. His prior trade at PGY — a June 2025 sale — was poorly timed, with the stock rising 115% over the following 90 days; conversely, his April 2024 purchase at the ticker was well-timed at the 90-day mark with a +29.0% return. The fundamentals show revenue growth of 27.1% year-over-year, though the company remained unprofitable on a full-year basis. This sale occurs against a backdrop of elevated valuation momentum and represents a discretionary reduction in his personal stake.