Pattern Group insiders have 109K shares withheld for taxes
Shares were withheld from Pattern Group’s CEO and CSO to cover RSU tax obligations, while large positions remain in two irrevocable trusts they help oversee.
Rhea-AI Filing Summary
Pattern Group Inc. (PTRN) reported insider equity activity involving Chief Executive Officer David K. Wright and Chief Strategy Officer Melanie Alder. On September 1, 2026, the issuer withheld 82,126 shares of Series A Common Stock from Wright and 27,370 shares from Alder to satisfy tax withholding obligations upon vesting of previously granted RSUs, at a reference price of $20.73 per share; no open‑market purchases or sales are reported. After these withholdings, Wright holds 585,655 shares directly and 195,223 shares are held indirectly through his spouse. In addition, 45,297,280 shares are held by the Wright Irrevocable Trust and 29,418,585 shares are held by the Alder Irrevocable Trust, for which Wright and Alder are trustees and each disclaims beneficial ownership except to any pecuniary interest.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Series A Common Stock F1 | 82,126 | $20.73 | $1.70M |
| Tax Withholding | Series A Common Stock F2, F3 | 27,370 | $20.73 | $567K |
| holding | Series A Common Stock F4 | -- | -- | -- |
| holding | Series A Common Stock F5 | -- | -- | -- |
Footnotes (5)
- F1. Represents shares of Series A Common Stock withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") previously granted to David K. Wright.
- F2. Represents shares of Series A Common Stock withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of RSUs previously granted to Melanie Alder.
- F3. David K. Wright's spouse, Melanie Alder, is a director and the Chief Strategy Officer of the Issuer.
- F4. These shares are owned directly by the Wright Irrevocable Trust dated December 5, 2019, of which David K. Wright and his spouse, Melanie Alder, are trustees. Each of David K. Wright and Melanie Alder disclaims beneficial ownership of these securities, except to the extent, if any, of their pecuniary interest therein, and the filing of this Form 4 is not an admission that any person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F5. These shares are owned directly by the Alder Irrevocable Trust dated December 5, 2019, of which David K. Wright and his spouse, Melanie Alder, are trustees. Each of David K. Wright and Melanie Alder disclaims beneficial ownership of these securities, except to the extent, if any, of their pecuniary interest therein, and the filing of this Form 4 is not an admission that any person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
tax withholding obligations financial
beneficial ownership financial
pecuniary interest financial
FAQ
What insider transactions did PTRN report for September 1, 2026?
What is the role of RSUs in the latest PTRN Form 4 filing?
Were the Pattern Group (PTRN) insider transactions under a Rule 10b5-1 plan?
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