ALLIANZ SE 4

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.