{"url_path":"/sec/pgyww/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1883085/0001883085-26-000036-index.html","accession_number":"0001883085-26-000036","cik":"0001883085","ticker":"PGY","issuer_name":"Pagaya Technologies Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1883085/0001883085-26-000036-index.html","primary_entity_key":"0001883085","primary_entity_name":"Pagaya Technologies Ltd."},"word_count":546,"has_tables":true,"body_markdown":"Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities\n\nMarket Information for Common Stock\n\nOn June 23, 2022, our Class A Ordinary Shares and public warrants began trading on Nasdaq under the symbols “PGY” and “PGYWW,” respectively. Prior to this, no public market existed for our Ordinary Shares.\n\nHolders of Record\n\nBased on a review of the information provided to us by our transfer agent, as of December 31, 2025, there were 100 registered holders of our Ordinary Shares, 81 of which were United States registered holders, including Cede & Co., the nominee of The Depository Trust Company, holding approximately 91.8% of our outstanding Ordinary Shares. The number of record holders in the United States is not representative of the number of beneficial holders nor is it representative of where such beneficial holders are resident since many of these Ordinary Shares were held by brokers or other nominees.\n\nDividend Policy\n\nPagaya currently expects to retain all future earnings for use in the operation and expansion of its business and does not plan to pay any dividends on Pagaya Ordinary Shares in the near future. The declaration, payment and amount of any future dividends will be made at the discretion of the Pagaya Board and will depend upon, among other things, the results of operations, cash flows and financial condition, operating and capital requirements, and other factors as the Pagaya Board considers relevant. There is no assurance that future dividends will be paid, and if dividends are paid, there is no assurance with respect to the amount of any such dividend.\n\nThe distribution of dividends may also be limited by the Companies Law, which permits the distribution of dividends only out of retained earnings or earnings derived over the two most recent years, whichever is greater, based on audited or reviewed financial statements for a period of up to two years ended no more than six months prior to the date of distribution, provided that there is no reasonable concern that payment of a dividend will prevent a company from satisfying its existing and foreseeable obligations as they become due. Under the Pagaya Articles, dividend distributions may be determined by the Pagaya Board, without the need for shareholder approval. Payment of dividends may be subject to Israeli withholding taxes. See Exhibit 4.9 to this Annual Report for additional information.\n\n63\n\n[Table of](#iab92c5b483164dd6bfa8efca5afa979f_7)[Contents](#iab92c5b483164dd6bfa8efca5afa979f_7)\n\nPerformance Graph\n\nThe following graph shows the cumulative total shareholder return on our Class A ordinary share compared to the cumulative total returns of the Nasdaq Composite index and the Russell 2000 index. The graph tracks the performance of a $100 investment in our Class A ordinary share and in each index (with the reinvestment of all dividends, as applicable) from June 23, 2022 (the date of our Class A ordinary share trading on the Nasdaq stock market) to December 31, 2025. The graph assumes the closing market price on June 23, 2022, of $72.96 per share as the initial value of our Class A ordinary share. The share price performance reflected in the graph represents past performance and should not be considered an indication of future share price performance.\n\nPurchases of Equity Securities by the Issuer and Affiliated Purchasers\n\nNot applicable.\n\nRecent Sales of Unregistered Securities\n\nNone."}