Form 4: AlTi Global CEO Michael Tiedemann Reports Changes in Beneficial Ownership
SEC Form 4
Michael Tiedemann, CEO of AlTi Global, reports changes in his beneficial ownership of Class A and Class B Common Stock, including acquisitions and indirect holdings through trusts and LLCs.
Summary
- Michael Tiedemann, the CEO of AlTi Global, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report includes transactions from September 3, 2024, involving Class A Common Stock and Class B Common Stock.
- Tiedemann's holdings include direct ownership and indirect ownership through entities like MGT 2012 DE Trust, CHT Fam Tst Ar 3rd fbo MGT, and Chauncey Close, LLC.
- He disclaims beneficial ownership of securities held by these entities except to the extent of any pecuniary interest.
- The report indicates the acquisition of 13,975 shares of Class A Common Stock.
- The report also details indirect holdings of Class A and Class B Common Stock through various trusts and LLCs.
- Class B Common Stock is paired with Class B Units in AlTi Global Capital, LLC, and are exchangeable for Class A Common Stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in ownership.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's ownership stake in the company.
- The filing provides transparency regarding the CEO's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 07/31/2023 | Date of the Third Amended and Restated Limited Liability Agreement of Umbrella (AlTi Global Capital, LLC). |
| 09/03/2024 | Date of the earliest transaction reported in the Form 4 filing. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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