Peter Yu - Jan 3, 2023 Form 4 Insider Report for Alvarium Tiedemann Holdings, Inc. (ALTI)

Role
Director, 10%+ Owner
Signature
/s/ Adam Namoury, Attorney-in-Fact
Stock symbol
ALTI
Transactions as of
Jan 3, 2023
Transactions value $
$28,038
Form type
4
Date filed
1/4/2023, 06:46 PM
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTI Class A Common Stock Conversion of derivative security $0 +6.43M $0.00 6.43M Jan 3, 2023 See Footnote F1, F2
transaction ALTI Class A Common Stock Award $28K +2.86K +0.04% $9.80 6.43M Jan 3, 2023 See Footnote F2, F3
transaction ALTI Class A Common Stock Award $0 +11.8K +12.16% $0.00 109K Jan 3, 2023 See Footnote F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALTI Class B ordinary shares Conversion of derivative security $0 -6.43M -75.22% $0.00 2.12M Jan 3, 2023 Class A Common Stock 6.43M See Footnote F1, F2
transaction ALTI Class B ordinary shares Other $0 -2.12M -100% $0.00* 0 Jan 3, 2023 Class A Common Stock 2.12M See Footnote F2, F6
transaction ALTI Warrants Other $0 -8.9M -100% $0.00* 0 Jan 3, 2023 Class A Common Stock 8.9M $11.50 See Footnote F2, F7, F8
holding ALTI Warrants 4.04M Jan 3, 2023 Class A Common Stock 4.04M $11.50 See Footnote F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares are convertible for shares of Class A Common Stock as described in the Issuer's Registration Statement on Form S-4 (File No. 333-262644) (the "Registration Statement") and have no expiration date. On January 3, 2023, the Issuer consummated its initial business combination (the "Business Combination"). In connection with the Business Combination, 6,431,431 Class B ordinary shares held by CGC Sponsor LLC (the "Sponsor") converted into Class A Common Stock on a one-for-one basis.
F2 Represents securities held by the Sponsor. Pangaea Three-B, LP is the sole member of the Sponsor, and is controlled by Peter Yu. Consequently, each of Pangaea Three-B, LP and Mr. Yu may be deemed to share voting and dispositive control over the securities held by the Sponsor, and thus to share beneficial ownership of such securities. Mr. Yu disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein.
F3 These shares of Class A Common Stock were acquired by the Sponsor in a private placement upon consummation of the Business Combination.
F4 These shares of Class A Common Stock were acquired upon consummation of the Business Combination for no additional consideration.
F5 Represents securities held by Pangaea Three, LP. Pangaea Three-B, LP is controlled by Peter Yu. Consequently, Mr. Yu may be deemed to share voting and dispositive control over the securities held by Pangaea Three-B, LP, and thus to share beneficial ownership of such securities. Mr. Yu disclaims beneficial ownership of the securities held by Pangaea Three-B, LP, except to the extent of his pecuniary interest therein.
F6 The Class B ordinary shares are convertible for shares of Class A Common Stock as described in the Issuer's Registration Statement and have no expiration date. On January 3, 2023, the Sponsor forfeited 2,118,569 Class B ordinary shares in connection with the consummation of the Business Combination.
F7 On January 3, 2023, the Sponsor forfeited 8,900,000 warrants in connection with the consummation of the Business Combination.
F8 Each warrant shall become exercisable on February 2, 2023, 30 days after the completion of the Business Combination as described in the Issuer's Registration Statement. Each warrant shall expire on January 3, 2028, five years after the completion of the Business Combination, or earlier upon redemption or liquidation, as described in the Issuer's Registration Statement.