Keenan Patrick T. 4

What Happened

• Keenan Patrick, Principal Accounting Officer of AlTi Global, had three RSU conversions (reported as derivative exercises) on February 15, 2026, totaling 9,375.40 shares (3,166.23 + 1,242.94 + 4,966.23). Each conversion shows a $0 acquisition price and an immediate disposition of the same number of shares back to the issuer at $0. This pattern indicates RSUs vested/converted and the resulting shares were surrendered to the company (likely to satisfy tax withholding), not sold on the open market. No cash proceeds were recorded.

Key Details

• Transaction date: February 15, 2026 (reported on Form 4 filed February 18, 2026).
• Transactions: three "M" codes (exercise/conversion of derivative) for 3,166.23; 1,242.94; 4,966.23 shares, followed by matching "D" dispositions to issuer for the same share amounts.
• Prices and value: $0.00 per share for both acquisition and disposition; total cash received = $0 (shares withheld/returned).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 clarifies each RSU = right to one Class A share. F2–F4 indicate these RSUs come from grants with three‑year vesting schedules (vesting in three equal annual installments beginning Feb 15, 2026; Feb 15, 2025; and Feb 15, 2024), i.e., multiple grants with different vesting start dates.
• Filing timeliness: Form 4 was filed Feb 18 for a Feb 15 transaction — this appears to be filed one business day after the typical 2-business-day Form 4 deadline.

Context

• These were RSU conversions, not open-market purchases or sales. The immediate disposition to the issuer at $0 is consistent with shares being withheld or surrendered to satisfy tax withholding obligations (a common, non‑market transaction) rather than a sale that would indicate a change in market sentiment.
• For retail investors, purchase transactions are generally more informative about insider conviction; this filing documents compensation/vesting mechanics rather than an investment decision.