Company: PGYWW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001883085-25-000066
Chunk: 27

Company: Pagaya Technologies Ltd.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 27
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 of interest with regard to Semler Brossy.

#### Executive Employment Arrangements
Pagaya has entered into or will enter into written employment or service agreements with each of its executive officers. The agreements provide the terms of each individual’s employment or service with Pagaya, as applicable. Each employment and services agreement contains provisions regarding non-competition, non-solicitation, confidentiality of information and assignment of inventions. The enforceability of the non-competition covenants is subject to limitations.

Either Pagaya or the executive officer may terminate the applicable executive officer’s employment or service by giving written notice to the other party. Pagaya may also terminate an executive officer’s employment or services agreement for cause (as defined in the applicable employment or services agreement). In the case of the Chief Executive Officer, the Pagaya Articles require a decision by a regular majority of the directors present and voting on such matter if the termination is for cause. The Pagaya Articles further provide that, until the sixth anniversary of the EJFA Closing, the Chief Executive Officer can be terminated other than for cause only by a supermajority of at least 75% of the directors then in office, and thereafter such termination shall require a decision of the Pagaya Board by a regular majority of the directors present and voting on such matter. The terms and conditions of the employment agreements are described in more detail below.

#### Gal Krubiner
On November 12, 2024, we entered into an amended and restated executive employment agreement with Mr. Krubiner, our Chief Executive Officer, which provides for (i) an annual base salary of $1,000,000 subject to a 10% annual increase for the first five years following the EJFA Closing (which Mr. Krubiner waived in 2023, 2024 and 2025) and (ii) an annual cash incentive bonus determined in the discretion of the Pagaya Board based on Pagaya’s Compensation Policy for Executive Officers and Directors (the “Compensation Policy”) (subject to shareholder approval where required). In addition, Mr. Krubiner is entitled to (i) use the service of one or more executive assistants who may assist him with personal matters, (ii) annual allowance for personal expenses in the amount of up to $105,000 and (iii) housing accommodations and tax gross-ups for personal taxes in connection with any such housing accommodations while Mr. Krubiner is in the United States and while he is traveling on behalf of the Company.

#### Tami