FORM 4
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Conley Joan C		 2. Issuer Name and Ticker or Trading Symbol

EJF Acquisition Corp. [ EJFA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O EJF ACQUISITION CORP., 2107 WILSON BOULEVARD, SUITE 410		 3. Date of Earliest Transaction (MM/DD/YYYY)

6/22/2022
(Street)

ARLINGTON VA 22201, VA 22201
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B ordinary shares  (1)6/22/2022  D (2)    40000   (1) (1)Class A ordinary shares 40000  (2)0 D  
Explanation of Responses:
(1) As described in the prospectus for the initial public offering (File No. 333-252892) of EJF Acquisition Corp. ("EJFA") under the heading "Description of Securities--Founder Shares," the EJFA Class B ordinary shares were automatically convertible into EJFA Class A ordinary shares concurrently with, or immediately following, the consummation of EJFA's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights.
(2) On June 22, 2022, pursuant to an Agreement and Plan of Merger dated as of September 15, 2021 (the "Merger Agreement"), by among EJFA, Pagaya Technologies Ltd. ("Pagaya") and Rigel Merger Sub Inc., a wholly owned subsidiary of Pagaya ("Merger Sub"), Merger Sub merged with and into EJFA (the "Merger"), with EJFA surviving the Merger as a wholly-owned subsidiary of Pagaya. At the effective time of the Merger, each EJFA Class B ordinary share ceased to be outstanding and automatically converted into the right to receive one Class A ordinary share of Pagaya.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Conley Joan C
C/O EJF ACQUISITION CORP.
2107 WILSON BOULEVARD, SUITE 410
ARLINGTON VA 22201, VA 22201		X
Signatures
/s/ Kevin Stein, Attorney-in-Fact6/22/2022
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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