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AlTi Global, Inc.·4

Jun 18, 4:13 PM ET

Keaney Timothy F 4

Research Summary

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AlTi Global (ALTI) Director Timothy Keaney Exercises and Receives RSUs

What Happened
Timothy F. Keaney, a director of AlTi Global, exercised or converted a derivative on 2026-06-16 resulting in 47,495.32 shares recorded as acquired and simultaneously recorded as disposed at $0. On 2026-06-17 he was granted 53,683.645 restricted stock units (RSUs) at $0. The filings show no cash purchase price; the activity is primarily a conversion/disposition plus an equity award (compensation), not a straightforward open-market buy.

Key Details

  • Transaction dates and codes:
    • 2026-06-16: Code M (exercise/conversion of derivative) — 47,495.32 shares acquired (price N/A) and 47,495.32 shares disposed at $0 (reported as derivative disposal).
    • 2026-06-17: Code A (grant/award) — 53,683.645 RSUs acquired at $0.
  • Prices/values: Reported as N/A or $0 in the Form 4; no cash value shown in the transaction lines.
  • Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
  • Filing date and timeliness: Form filed 2026-06-18 for transactions on 6/16 and 6/17 — appears to be within the required reporting window (no late filing flag noted).
  • Footnotes (from the filing):
    • F1: Each RSU equals a contingent right to one Class A common share.
    • F2: One set of RSUs vests in full on the earlier of the business day before AlTi’s 2026 annual meeting or June 30, 2026.
    • F3: Another set vests in full on the earlier of the business day before AlTi’s 2027 annual meeting or June 30, 2027.

Context

  • Code M indicates conversion/exercise of a derivative (e.g., exercised options or vested derivative awards). The simultaneous disposal at $0 is recorded on the form; the filing does not state the reason for the $0 disposal. Forms sometimes show $0 disposals when shares are surrendered or withheld for taxes or costs, but this specific filing gives no explanation.
  • The 53,683.645 RSUs are grants (compensation awards) and will convert to shares only upon vesting per the footnote schedules. Grants are common for executives/directors as compensation and do not necessarily indicate an independent purchase or sale decision.