Alti Global executive sells over $25k in company stock

AlTi Global, Inc.'s (NASDAQ:ALTI) President of Strategic Alternatives, Spiros Maliagros, has sold a portion of his company stock, according to a recent regulatory filing. The executive offloaded 6,227 shares at an average price of $4.05 per share, totaling approximately $25,219.

The transaction took place on August 15, with the prices of the shares sold ranging from $4.00 to $4.13. Following the sale, Maliagros retains ownership of 430,706.74 shares in the company, indicating a continued substantial investment in AlTi Global's future.

AlTi Global, known for its expertise in investment advice, is incorporated in Delaware and operates out of New York. The company, formerly known as Alvarium Tiedemann Holdings, Inc., and before that as Cartesian Growth Corp, has undergone significant changes in recent years, including a name change in early January 2023.

Investors and stakeholders often monitor the buying and selling activities of a company's executives as they can provide insights into their confidence in the company's prospects. However, it's also common for executives to sell shares for personal financial planning or diversification reasons.

The details of the transactions were made public through the mandatory filing with the Securities and Exchange Commission, which requires insiders to disclose their trades in a timely manner. Interested parties can obtain full information regarding the number of shares sold at each separate price within the reported range upon request to AlTi Global or the SEC.

The filing was signed by Colleen Graham, Attorney-in-fact, on behalf of Spiros Maliagros, and was dated August 19, 2024.

In other recent news, AlTi Global, Inc. held its 2024 Annual Meeting of Stockholders, with several key proposals approved by shareholders. The first proposal saw the election of six director nominees, who will serve until the 2025 Annual Meeting or until their successors are elected and qualified. The second proposal involved the approval of issuing Class A Common Stock and Series A Preferred Stock to Allianz (ETR:ALVG) Strategic Investments S.à.r.l., a move approved by shareholders.

The third proposal, which was also approved, addressed the amendment of the company's Certificate of Incorporation to authorize a new class of common stock, designated as Class C Non-Voting Common Stock. The final proposal resulted in the ratification of KPMG LLP as the independent registered public accounting firm for AlTi Global for the fiscal year ending December 31, 2024.

These developments follow the company's CEO, Michael Tiedemann, urging shareholders to participate in the annual meeting, emphasizing the importance of shareholder involvement in corporate governance. All these recent developments reflect AlTi Global's commitment to active shareholder engagement and transparent corporate governance.

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