[144] Northern Trust Corp SEC Filing

Rhea-AI Filing Summary

AlTi Global (ALTI) Form 4/A amends the 16 Jun 2025 filing for director Ali Bouzarif.

• On 13 Jun 2025 he received 22,312 restricted stock units (RSUs) that convert 1-for-1 into Class A shares and vest no later than 30 Jun 2025.
• Direct ownership after the grant: 53,787 shares.
• Indirect ownership via MERCYAH B.V.: 748,298 shares (Bouzarif controls the entity but disclaims beneficial ownership beyond his pecuniary interest).
• Total reported beneficial stake is now ≈802 k shares.

The filing carries transaction code “M”, indicating settlement of a derivative (the RSU grant). No shares were sold and no cash changed hands. The amendment corrects an administrative error in the prior Form 4; economic impact to AlTi Global is immaterial, but the update confirms substantial insider alignment and highlights the importance of accurate Section 16 reporting.

Positive

• Director alignment: Bouzarif now reports direct & indirect control over ~802 k shares, reinforcing shareholder-management interest alignment.
• No cash outflow or share sale: RSU grant is non-cash and does not signal insider selling pressure.

Negative

• Administrative error: Amendment was required to fix prior misreporting, hinting at lapses in Section 16 compliance processes.

Insights

Corporate Governance Analyst

TL;DR: Neutral—clarifies holdings, small equity award, no cash impact.

This Form 4/A merely corrects Bouzarif’s ownership numbers after an earlier filing error. The 22,312 RSU grant is routine board compensation and involves no share sales, so dilution and market impact are negligible. Nevertheless, the disclosure confirms the director controls roughly 800 k shares, signalling meaningful skin-in-the-game. From a governance lens, the need for an amendment suggests minor weaknesses in insider reporting controls; investors may expect tighter compliance going forward.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	B of A Securities, Inc. One Bryant Park 8th FL New York NY 10036	7602	1000727.28	194538575	07/30/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/17/2017	Vested Shares	Issuer			1723	01/17/2017	N/A
Common	02/18/2021	Vested Shares	Issuer			1522	02/18/2021	N/A
Common	03/01/2021	Vested Shares	Issuer			469	03/01/2021	N/A
Common	08/21/2021	Vested Shares	Issuer			747	08/21/2021	N/A
Common	02/17/2022	Vested Shares	Issuer			1587	02/17/2022	N/A
Common	03/01/2022	Vested Shares	Issuer			1554	03/01/2022	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Teresa Parker 50 South LaSalle St Chicago IL 60603	Common	05/09/2025	6467	650709.54

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did AlTi Global (ALTI) disclose in the latest Form 4/A?

The filing corrects director Ali Bouzarif’s holdings after a 22,312 RSU grant dated 13 Jun 2025.

How many ALTI shares does Ali Bouzarif now directly own?

53,787 Class A shares are reported as direct holdings.

What is Bouzarif’s total beneficial ownership in ALTI?

Including indirect holdings, he controls or influences about 802 k shares.

Were any ALTI shares sold in this transaction?

No. The filing reflects an RSU grant (code “M”); no shares were sold or bought for cash.

Why was the Form 4 amended?

To correct an administrative error in the share counts reported on 16 Jun 2025.