Pattern Group (PTRN) CEO David K. Wright Sells 109,496 Shares

What Happened

• David K. Wright, CEO of Pattern Group Inc. (PTRN), had 109,496 shares withheld by the issuer to satisfy tax withholding obligations tied to vested RSUs. The shares were withheld/ disposed at $20.73 per share: 82,126 shares ($1,702,472) and 27,370 shares ($567,380), totaling $2,269,852. This is a tax-withholding/cashless settlement transaction (code F), not an open-market sale initiated by the insider.

Key Details

• Transaction date: 2026-09-01; Filing date (Form 4): 2026-09-03 (timely filing).
• Price: $20.73 per share for both withholding events.
• Shares withheld/disposed: 82,126 and 27,370 (total 109,496).
• Shares owned after the transaction: not specified in the provided filing excerpt (see full Form 4 for current beneficial ownership).
• Footnotes of note:
  • F1: 82,126 shares withheld to satisfy David K. Wright’s tax withholding on RSU vesting.
  • F2: referenced for Melanie Alder’s RSU withholding (appears in filing footnotes).
  • F3: Melanie Alder (Wright’s spouse) is a director and Chief Strategy Officer.
  • F4/F5: Some shares are held in Wright and Alder irrevocable trusts; both disclaim beneficial ownership except for any pecuniary interest.
• Transaction code: F = tax withholding (cashless settlement of RSUs).

Context

• Withholding shares to cover taxes on vested RSUs is common and usually a routine administrative event, not a direct signal of the insider’s view of the company. It differs from an open-market sale because the issuer typically retires or retains the withheld shares to cover tax obligations.
• For full details on holdings and any related trust ownership, consult the complete Form 4 filing.