IlWaddi Holdings - 24 May 2023 Form 4 Insider Report for AlTi Global, Inc. (ALTI)

Role
10%+ Owner
Signature
/s/ H.E. Sheikh Jassim Abdulaziz J.H. AI-Thani for IlWaddi Cayman Holdings Inc
Issuer symbol
ALTI
Transactions as of
24 May 2023
Net transactions value
$0
Form type
4
Filing time
09 Jun 2023, 17:07:27 UTC
Previous filing
13 Jan 2023
Next filing
04 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTI Class A Common Stock Award +638,578 +3.7% 17,893,265 07 Jun 2023 Direct F1, F2

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 Warrant Disposed to Issuer -1,104,315 -100% 0 07 Jun 2023 Class A Common Stock 1,104,315 Direct F1, F2, F3
transaction ALTI Option (right to buy) Disposed to Issuer -1,450,000 -100% 0 24 May 2023 Class A Common Stock 1,450,000 Direct F1, F4, F5
transaction ALTI Warrant Award +1,450,000 1,450,000 24 May 2023 Class A Common Stock 1,450,000 Direct F1, F3, F5
transaction ALTI Warrant Disposed to Issuer -1,450,000 -100% 0 07 Jun 2023 Class A Common Stock 1,450,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 H.E. Sheikh Jassim Abdulaziz J.H. Al-Thani is the sole owner of IlWaddi Cayman Holdings.
F2 On June 7, 2023, pursuant to the Issuer's previously announced exchange offer (the "Offer") , the reporting persons exchanged 2,554,315 warrants, consisting of (i) 1,104,315 private placement warrants and (ii) 1,450,000 public warrants, which previously entitled the reporting persons to purchase one share of Class A Common Stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") per warrant at a price of $11.50 per share, for 638,578 shares of Class A Common Stock.
F3 The warrants became exercisable on February 2, 2023, and will expire on January 3, 2028 or earlier upon redemption or liquidation.
F4 The Option may be exercised only during the period commencing on the earlier to occur of (A) one year after the date of the closing of the Issuer's business combination completed on January 3, 2023 (the "Business Combination") or (B) such time, at least 150 days after the closing of the Business Combination, that the closing price of the shares of Class A Common Stock equals or exceeds S 12.00 per share (as adjusted for share splits, share dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period and terminating at 5:00 p.m., New York City time on the date that is five years after the closing of the Business Combination.
F5 The reporting persons disposed of 1,450,000 options in exchange for public warrants at a ratio of one share subject to the public warrants for one share subject to certain option agreements in a private exchange offer before the consummation of the Offer.

Remarks:

Exhibit 24 Power of Attorney filed herewith.