ALLIANZ SE 4
4 · AlTi Global, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
AlTi (ALTI) 10% Owner Allianz SE Acquires 1.27M Shares
What Happened Allianz SE (reported as the ultimate parent reporting person) — through its wholly owned vehicle Allianz Strategic Investments S.a.r.l. (ASI) — received 1,272,328.52 shares of AlTi Global Class A Common Stock and 4,117.76 shares of the Issuer’s Series A Cumulative Convertible Preferred Stock on July 2, 2026 as payment‑in‑kind (PIK) dividends. No cash price was reported (N/A). The Class A shares are held directly by ASI; the Series A preferred are also held directly by ASI.
Key Details
- Transaction date: 2026-07-02; transaction code reported as Other acquisition/disposition (J); price: N/A (PIK dividend).
- Class A shares: ASI originally acquired 19,318,580.96 Class A shares in a July 31, 2024 private placement and received additional PIK shares over time (1,523,289 on 6/30/2025, 865,344 on 1/5/2026, and 1,272,328.52 on 7/2/2026). Total Class A held by ASI after this filing ≈ 22,979,542.48 shares.
- Series A Preferred: ASI acquired 140,000 and 18,471 preferred shares in prior private placements and received PIK preferred on 6/30/2025 (6,443.13), 1/5/2026 (4,019.78) and 7/2/2026 (4,117.76). Total Series A Preferred held by ASI after this filing ≈ 173,051.67 shares (stated value $1,000 per share).
- Conversion and terms: Series A Preferred is convertible into Class A at a $8.70 conversion price (subject to adjustments). Conversion by the reporting person is permitted any time after July 31, 2026, but conversions are subject to a 24.9% beneficial ownership cap; if conversion would exceed the cap, the Issuer will issue Class C Non‑Voting shares instead.
- Other holdings: ASI also holds a warrant exercisable for up to 5,000,000 Class A shares at $7.40 (immediately exercisable, subject to adjustments).
- Control: The reporting person (Allianz SE) is the ultimate parent of ASI and has sole voting and dispositive power over the shares held by ASI. This is institutional (10% owner) activity, not an executive’s open‑market trade.
- Timeliness: Filing covers transactions dated 2026-07-02 and was filed on 2026-07-02 (no late filing indicated).
Context These entries reflect dividend payments made in additional shares (payment‑in‑kind), not market purchases or sales. The Series A Preferred carries conversion rights and a high stated value ($1,000 per preferred share); conversion economics and the 24.9% ownership cap limit how and when preferred shares can become additional Class A common stock. As a 10% institutional holder, Allianz’s movements are passive/investor actions rather than typical insider executive trades.
Insider Transaction Report
Form 4
ALLIANZ SE
10% Owner
Transactions
- Other
Class A Common Stock
[F1][F2]2026-07-02+1,272,328.52→ 22,979,542.48 total(indirect: By Allianz Strategic Investments S.a.r.l.) - Other
Series A Preferred Stock
[F5][F1][F2][F3][F4]2026-07-02+4,117.76→ 173,051.67 total(indirect: By Allianz Strategic Investments S.a.r.l.)Exercise: $8.70→ Class A Common Stock
Holdings
- 1(indirect: By Allianz Strategic Investments S.a.r.l.)
Warrant to Purchase Class A Common Stock
[F6][F7]Exercise: $7.40Exp: 2029-07-31→ Class A Common Stock (5,000,000 underlying)
Footnotes (7)
- [F1]Allianz Strategic Investments S.a.r.l. ("ASI") acquired 19,318,580.96 shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of AlTi Global, Inc., a Delaware corporation (the "Issuer") in a private placement on July 31, 2024. ASI received shares of Class A Common Stock as payment-in-kind dividends with respect to shares of Series A Cumulative Convertible Preferred Stock (the "Series A Preferred Stock") of the Issuer held by ASI as follows: 1,523,289 shares on June 30, 2025, 865,344 shares on January 5, 2026 and 1,272,328.52 shares on July 2, 2026. Holders of the Series A Preferred Stock are entitled to a cumulative dividend at the rate of 9.75% per annum, payable semi-annually in arrears. ASI is wholly owned by Allianz Finance II Luxembourg S.a.r.l., which in turn is wholly owned by the reporting person.
- [F2](Continued from footnote 1) The shares of Class A Common Stock are held directly by ASI. The reporting person is the ultimate parent company of ASI and has sole voting and dispositive power with respect to the shares held by ASI.
- [F3]The shares of the Series A Preferred Stock of the Issuer are convertible into shares of Class A Common Stock (i) by the reporting person at any time after July 31, 2026 and (ii) by the Issuer at any time after July 31, 2027, subject to certain conditions; provided, that the Series A Preferred Stock is subject to a beneficial ownership cap that prohibits the conversion of the Series A Preferred Stock into shares of Class A Common Stock to the extent such conversion would cause ASI's beneficial ownership, together with its affiliates, to exceed 24.9% (the "Ownership Cap"); provided, further, that if such a conversion would cause ASI's beneficial ownership, together with its affiliates, to exceed the Ownership Cap, the Issuer shall issue to ASI shares of the Issuer's Class C Non-Voting Common Stock, in lieu of shares of Class A Common Stock. The Series A Preferred Stock has no stated maturity and therefore has no expiration date.
- [F4]The Series A Preferred Stock has a stated value of $1,000 per share and is convertible into shares of Class A Common Stock at a conversion price of $8.70, subject to customary adjustments.
- [F5]ASI acquired 140,000 and 18,471 shares of the Series A Preferred Stock in private placements on July 31, 2024 and May 13, 2025, respectively, and ASI received shares of the Series A Preferred Stock as payment-in-kind dividends with respect to shares of Series A Preferred Stock held by ASI as follows: 6,443.13 shares on June 30, 2025, 4,019.78 shares on January 5, 2026 and 4,117.76 shares on July 2, 2026. Holders of the Series A Preferred Stock are entitled to a cumulative dividend at the rate of 9.75% per annum, payable semi-annually in arrears. The shares of Series A Preferred Stock are held directly by ASI.
- [F6]Subject to the Ownership Cap, the Warrant to purchase Class A Common Stock (the "Warrant") is immediately exercisable for up to 5,000,000 shares of Class A Common Stock at an exercise price of $7.40, subject to customary adjustments.
- [F7]The Warrant was acquired in a private placement on July 31, 2024 and is held directly by ASI.