Form 4: Pattern Group CFO Sells Shares for Tax Obligations
Insider Transaction Report
Pattern Group Inc.'s Chief Financial Officer, Jason Beesley, reported the sale of 90,043 Series A Common Stock shares to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Jason Beesley, Chief Financial Officer of Pattern Group Inc. (PTRN), reported a transaction on January 1, 2026.
- 90,043 shares of Series A Common Stock were disposed of at a price of $11.84 per share.
- This disposal was due to the issuer withholding shares to satisfy tax obligations in connection with the vesting of previously granted restricted stock units (RSUs).
- Following this transaction, Beesley beneficially owns 1,333,332 shares of Series A Common Stock.
- The reported beneficial ownership includes an award of 793,184 RSUs granted on August 26, 2025, under the Pattern Group Inc. 2019 Equity Incentive Plan, which was inadvertently omitted from a prior Form 3 filing on September 18, 2025.
Sentiment
Score: 5
Explanation: Neutral. The filing reports a routine insider transaction for tax purposes related to RSU vesting, which is neither inherently positive nor negative for the company's operational performance or outlook.
Positives
- The underlying event is the vesting of restricted stock units, indicating compensation for the Chief Financial Officer.
Negatives
- Disposal of shares, even for tax purposes, reduces the direct ownership stake of the Chief Financial Officer.
Future Outlook
N/A. This Form 4 reports a past transaction and does not provide forward-looking statements or guidance.
Industry Context
This is a routine insider transaction filing (Form 4) reporting a tax-related share disposal. Such transactions are common for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- This filing reports a standard tax withholding event for equity compensation, which is a common practice across industries for executives receiving restricted stock units. It does not provide performance metrics for direct industry comparison.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Incentive Plan Reference | The filing references the Pattern Group Inc. 2019 Equity Incentive Plan as the source for the 793,184 RSUs granted to the Reporting Person. | N/A | Confirms the ongoing use of the company's established equity compensation framework for executives. |
Stakeholder Impact
- Shareholders: Minor, routine adjustment to an executive's beneficial ownership, not indicative of operational performance.
Key Dates
| Date | Description |
|---|---|
| 08/26/2025 | Grant date of 793,184 Restricted Stock Units (RSUs) to Jason Beesley under the Pattern Group Inc. 2019 Equity Incentive Plan. |
| 09/18/2025 | Original filing date of Form 3 for Jason Beesley, which inadvertently omitted the August 26, 2025 RSU grant. |
| 01/01/2026 | Transaction date for the disposal of shares to satisfy tax withholding obligations related to RSU vesting. |
| 01/05/2026 | Signature date of the Form 4 filing by Allison Fletcher, Attorney-in-Fact for Jason Beesley. |
Keywords
Pattern Group Inc., PTRN, Jason Beesley, CFO, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting, Beneficial Ownership
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