Moran Kevin P. 4

What Happened
Kevin P. Moran, President and Chief Operating Officer of AlTi Global, reported conversion/exercise of derivative awards on February 15, 2026. The Form 4 shows three conversions (derivative code M) of 47,397.70, 13,785.31 and 35,488.13 restricted stock units (totaling 96,671.14 shares) at $0.00 per share. The filing also shows simultaneous dispositions of the same amounts at $0.00. The reported dollar consideration for both the acquisitions and dispositions is $0 according to the Form 4.

Key Details

• Transaction date: February 15, 2026; reported on Form 4 filed February 18, 2026.
• Price/consideration: $0.00 per share for both the conversion (acquisition) and the disposition; total reported cash = $0.
• Shares involved: 47,397.70; 13,785.31; 35,488.13 — total 96,671.14 shares.
• Shares owned after the transaction: not specified in the information provided on this summary (check the full Form 4 for post-transaction holdings).
• Footnotes from the filing: F1—each RSU represents a contingent right to one Class A share; F2–F4—these RSUs vest in three equal annual installments beginning Feb 15, 2024 / 2025 / 2026 respectively.
• Timeliness: Transaction dated Feb 15, 2026; Form 4 filed Feb 18, 2026 (check the filing for any late-filing flag; this appears to be after the standard two-business-day reporting window).

Context

• Derivative code M indicates an exercise or conversion of a derivative (here, conversion of restricted stock units into common shares). The $0.00 acquisition price typically reflects a conversion of vested RSUs rather than a cash purchase of options.
• The simultaneous acquisition and disposition entries can reflect immediate transfer, sale, or net settlement (for example, to cover withholding), but the Form 4 shows $0 consideration for the dispositions; the filing itself does not state the reason.
• For retail investors, conversions of vested RSUs are often routine compensation events; they are different from open-market purchases (a bullish signal) or outright sales disclosed at market prices. Always review the full Form 4 for additional context and any related footnotes.