Pagaya Technologies Ltd. ©2022 Pagaya. Confidential 1 2Q 2022 Results August 16, 2022 Legal Disclaimer Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. These forward-looking statements generally are identified by the words "anticipate", "believe", "continue", "can," "could", "es ...

Exhibit 99.4 RISK FACTORS You should carefully consider the following risk factors before investing in our securities. Certain factors may have a material adverse ef ect on our business, financial conditions and results of operations. The risks and uncertainties described below disclose both material and other risks and uncertainties, and are not intended to be exhaustive and are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe to be immateri ...