Allianz Se - Jul 31, 2024 Form 3 Insider Report for AlTi Global, Inc. (ALTI)

Role
10%+ Owner
Signature
/s/ Michael Sieburg
Stock symbol
ALTI
Transactions as of
Jul 31, 2024
Transactions value $
$0
Form type
3
Date filed
8/6/2024, 06:06 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ALTI Class A Common Stock 19.3M Jul 31, 2024 By Allianz Strategic Investments S.a.r.l. F1

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
holding ALTI Series A Preferred Stock Jul 31, 2024 Class A Common Stock $8.70 By Allianz Strategic Investments S.a.r.l. F2, F3, F4, F5
holding ALTI Warrants to Purchase Class A Common Stock Jul 31, 2024 Class A Common Stock 5M $7.40 By Allianz Strategic Investments S.a.r.l. F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of AlTi Global, Inc., a Delaware corporation (the "Issuer") were acquired in a private placement and are held directly by Allianz Strategic Investments S.a.r.l. ("ASI"). ASI is wholly owned by Allianz Finance II Luxembourg S.a.r.l., which in turn is wholly owned by the reporting person. The reporting person is the ultimate parent company of ASI and has sole voting and dispositive power with respect to the shares held by ASI.
F2 The shares of Series A Cumulative Convertible Preferred Stock (the "Series A Preferred Stock") of the Issuer are convertible into shares of Class A Common Stock (i) by the reporting person at any time after July 31, 2026 and (ii) by the Issuer at any time after July 31, 2027, subject to certain conditions; provided, that the Series A Preferred Stock is subject to a beneficial ownership cap that prohibits the conversion of the Series A Preferred Stock into shares of Class A Common stock to the extent such conversion would cause ASI's beneficial ownership, together with its affiliates, to exceed 24.9% (the "Ownership Cap"); provided, further, that in the event such a conversion would cause ASI's beneficial ownership, together with its affiliates, to exceed the Ownership Cap, the Issuer shall issue to ASI shares of the Issuer's Class C Non-Voting Common Stock, in lieu of shares of Class A Common Stock.
F3 (Continued from footnote 2) The Series A Preferred Stock has no stated maturity and therefore has no expiration date.
F4 The Series A Preferred Stock has a stated value of $1,000 per share and is convertible into shares of Class A Common Stock at a conversion price of $8.70, subject to customary adjustments.
F5 The shares of Series A Preferred Stock were acquired in a private placement and are held directly by ASI.
F6 Subject to the Ownership Cap, the Warrants to purchase Class A Common Stock (the "Warrants") are immediately exercisable in shares of Class A Common Stock.
F7 The Warrants were acquired in a private placement and are held directly by ASI.