Form 4: AlTi Global Officer Converts RSUs to Stock

AlTi Global's Principal Accounting Officer, Patrick T. Keenan, is scheduled to convert 9,375.4 Restricted Stock Units into Class A Common Stock on February 15, 2026, under a pre-arranged 10b5-1 plan.

Summary

• Patrick T. Keenan, Principal Accounting Officer of AlTi Global, Inc., reported scheduled transactions for February 15, 2026, involving the conversion of Restricted Stock Units (RSUs) into Class A Common Stock.
• A total of 9,375.4 RSUs are scheduled to convert into an equal number of Class A Common Stock shares. These conversions represent various vesting installments from different RSU grants.
• Specifically, 3,166.23 RSUs from a grant vesting in three equal annual installments beginning February 15, 2026, are converting, with 6,332.45 RSUs remaining from that grant.
• Another 1,242.94 RSUs from a grant vesting in three equal annual installments beginning February 15, 2025, are converting, with 1,242.94 RSUs remaining from that grant.
• Finally, 4,966.23 RSUs from a grant vesting in three equal annual installments beginning February 15, 2024, are converting, with 0 RSUs remaining from that specific grant.
• These conversions are part of pre-arranged plans under Rule 10b5-1(c).
• Following these conversions, Keenan's direct beneficial ownership of Class A Common Stock will increase by 9,375.4 shares, totaling 15,988.47 shares.
• His remaining direct beneficial ownership of derivative securities (RSUs) will be 7,575.39 units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents the vesting of equity compensation, aligning insider interests with shareholders, and is a routine, pre-planned transaction.

Positives

• The conversion of Restricted Stock Units (RSUs) into common stock indicates the vesting of previously granted equity compensation, aligning management's interests with shareholders.
• The transactions are executed under a Rule 10b5-1 plan, suggesting a pre-planned and orderly approach to equity management, reducing concerns about opportunistic insider trading.

Future Outlook

The filing details the scheduled conversion of Restricted Stock Units into Class A Common Stock on February 15, 2026, as part of pre-determined vesting schedules. It also outlines future vesting installments for remaining RSUs from grants that began vesting on February 15, 2026, February 15, 2025, and February 15, 2024, respectively.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the conversion of equity awards like RSUs, are common mechanisms for executive compensation. The use of a Rule 10b5-1 plan indicates a pre-scheduled, automated transaction, which is a standard practice to avoid accusations of trading on material non-public information.

Comparison to Industry Standards

• This type of RSU conversion and reporting via Form 4 is a standard practice for executive compensation in publicly traded companies across various industries.
• Similar equity vesting and conversion events are routinely reported by officers at companies like Microsoft (MSFT), Apple (AAPL), or Google (GOOGL), where executives receive performance-based or time-based equity awards that convert to common stock upon vesting.
• The $0 price for acquisition is typical for such conversions, reflecting the grant value rather than a direct purchase price.

Related Party Transactions

• The reported transactions involve an officer of AlTi Global, Inc. converting equity awards granted by the company, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The conversion increases the number of shares held by a key executive, potentially signaling confidence and aligning interests. It also represents a minor dilution from the issuance of new shares (if the RSUs were not already accounted for in outstanding share count, which is typical for RSU vesting).
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's equity compensation practices.

Next Steps

• Future vesting of 6,332.45 RSUs (remaining from a grant that began vesting on February 15, 2026) in subsequent annual installments.
• Future vesting of 1,242.94 RSUs (remaining from a grant that began vesting on February 15, 2025) in subsequent annual installments.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled conversion of Restricted Stock Units (RSUs) into common stock by a Principal Accounting Officer. Such transactions are part of standard executive compensation and are generally not considered significant catalysts for stock price movement. The event is expected and does not introduce new material information that would warrant a change in investment thesis.

Keywords

AlTi Global, ALTI, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Equity Compensation, Patrick T. Keenan, Principal Accounting Officer, 10b5-1 Plan