Form 4: AlTi Global Inc. Insider Peter Yu Reports Share Transfers and Holdings

Peter Yu, a director and 10% owner of AlTi Global Inc., reported the transfer of shares and beneficial ownership details in a recent SEC filing.

Summary

• Peter Yu, a director and 10% owner of AlTi Global Inc. (ALTI), filed a Form 4 with the SEC detailing changes in beneficial ownership.
• On April 2, 2024, Mr. Yu transferred 13,111 shares of Class A Common Stock to Pangaea Three Acquisition Holdings V, LLC (P3A) for no consideration.
• The filing also outlines Mr. Yu's indirect ownership through entities like Pangaea Three-B, LP, CGC Sponsor LLC, and P3A.
• Mr. Yu disclaims beneficial ownership of the securities held by these entities except to the extent of his pecuniary interest.
• Mr. Yu also reported ownership of 18,363.94 restricted stock units, which vest on the earlier of the day before the 2024 annual general meeting or June 30, 2024.
• Following the reported transactions, Mr. Yu's indirect holdings include 2,984,154 shares through Pangaea Three, LP, 3,533,605 shares through CGC Sponsor LLC, and 13,111 shares through P3A.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transfers and ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The transfer of 13,111 shares to Pangaea Three Acquisition Holdings V, LLC, an entity indirectly controlled by Peter Yu, constitutes a related party transaction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership and transactions.
• The transfer of shares and vesting of restricted stock units could potentially impact the share price, although the magnitude is uncertain.

Key Dates