Vikas Kapoor - 23 Jun 2025 Form 4 Insider Report for AB Multi-Manager Alternative Fund

Role: Vice President
Signature: /s/ Richard Leahy as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 23 Jun 2025
Net transactions value: -$200,000
Form type: 4
Filing time: 18 Nov 2025, 11:29:11 UTC
Previous filing: 11 Feb 2022
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KAPOOR VIKAS	Vice President	C/O ALLIANCEBERNSTEIN L.P., 66 HUDSON BLVD E, NEW YORK	/s/ Richard Leahy as Attorney-in-Fact	18 Nov 2025	0001162104

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Shares of Beneficial Interest	Other	$200,000	-17,123	-58%	$11.68	12,248	23 Jun 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person is tendering the reported shares of beneficial interest of the issuer (the "Shares") for repurchase by the issuer at the unaudited net asset value per Share as of September 30, 2025 in connection with the issuer's tender offer as described in the issuer's Schedule to Tender Offer Statement under Section 14(e)(1) or 13(e)(1) of the Securities Exchange Act of 1934 that was filed with the Securities and Exchange Commission by the issuer on May 16, 2025. As of May 31, 2025, the unaudited net asset value per Share is $11.68; however, the amount of Shares disposed of by the reporting person and the amount of Shares that the reporting person will be deemed to beneficially own after the issuer's tender offer is subject to adjustment based on the unaudited net asset value per Share as of September 30, 2025.
F2	The amount of shares beneficially owned by the reporting person following this reported transaction includes 4,713.127 Shares that were acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since the Form 4 filing made by the reporting person in respect of the issuer on February 11, 2022.

Content

The reporting person is tendering the reported shares of beneficial interest of the issuer (the "Shares") for repurchase by the issuer at the unaudited net asset value per Share as of September 30, 2025 in connection with the issuer's tender offer as described in the issuer's Schedule to Tender Offer Statement under Section 14(e)(1) or 13(e)(1) of the Securities Exchange Act of 1934 that was filed with the Securities and Exchange Commission by the issuer on May 16, 2025. As of May 31, 2025, the unaudited net asset value per Share is $11.68; however, the amount of Shares disposed of by the reporting person and the amount of Shares that the reporting person will be deemed to beneficially own after the issuer's tender offer is subject to adjustment based on the unaudited net asset value per Share as of September 30, 2025.

The amount of shares beneficially owned by the reporting person following this reported transaction includes 4,713.127 Shares that were acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since the Form 4 filing made by the reporting person in respect of the issuer on February 11, 2022.