STOCK TITAN

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.

(Very High)
(Neutral)
Form Type
4

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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Insider Wright David K., Alder Irrevocable Trust, Alder Melanie, Wright Irrevocable Trust
Role Chief Executive Officer | 10% Owner | Chief Strategy Officer | 10% Owner
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 -- -- --
Holdings After Transaction: Series A Common Stock — 585,655 shares (Direct); Series A Common Stock — 195,223 shares (Indirect, By spouse); Series A Common Stock — 45,297,280 shares (Indirect, By Wright Irrevocable Trust); Series A Common Stock — 29,418,585 shares (Indirect, By Alder Irrevocable Trust)
Footnotes (5)
  1. 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.
  2. 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.
  3. F3. David K. Wright's spouse, Melanie Alder, is a director and the Chief Strategy Officer of the Issuer.
  4. 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.
  5. 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.
Shares withheld for Wright tax withholding 82,126 shares Series A Common Stock withheld on September 1, 2026 for RSU tax obligations of David K. Wright at $20.73 per share
Shares withheld for Alder tax withholding 27,370 shares Series A Common Stock withheld on September 1, 2026 for RSU tax obligations of Melanie Alder at $20.73 per share
Reference price per share $20.73 per share Price used for both tax-withholding dispositions on September 1, 2026
Direct holdings of David K. Wright after transaction 585,655 shares Series A Common Stock held directly following the September 1, 2026 withholding
Indirect holdings via spouse after transaction 195,223 shares Series A Common Stock held indirectly "By spouse" after the September 1, 2026 withholding
Wright Irrevocable Trust holdings 45,297,280 shares Series A Common Stock owned directly by Wright Irrevocable Trust, with Wright and Alder as trustees, with beneficial ownership disclaimed except for pecuniary interest
Alder Irrevocable Trust holdings 29,418,585 shares Series A Common Stock owned directly by Alder Irrevocable Trust, with Wright and Alder as trustees, with beneficial ownership disclaimed except for pecuniary interest
Total shares used for tax withholding 109,496 shares Sum of shares withheld to satisfy RSU tax obligations for Wright and Alder on September 1, 2026
restricted stock units ("RSUs") financial
"in connection with the vesting of restricted stock units ("RSUs") previously granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"withheld by the Issuer in satisfaction of tax withholding obligations in connection"
beneficial ownership financial
"disclaims beneficial ownership of these securities, except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent, if any, of their pecuniary interest therein"

FAQ

What insider transactions did PTRN report for September 1, 2026?

Pattern Group reported that 82,126 shares for David K. Wright and 27,370 shares for Melanie Alder of Series A Common Stock were withheld by the issuer to satisfy tax withholding obligations upon vesting of previously granted RSUs; no open-market trades were reported.

How many Pattern Group (PTRN) shares does CEO David K. Wright hold after these transactions?

After the tax-withholding transactions, David K. Wright holds 585,655 Series A Common shares directly. An additional 195,223 shares are held indirectly through his spouse, Melanie Alder, who is a director and Chief Strategy Officer of Pattern Group.

What is the role of RSUs in the latest PTRN Form 4 filing?

The filing explains that the dispositions reflect shares of Series A Common Stock withheld by Pattern Group to satisfy tax withholding obligations in connection with the vesting of previously granted restricted stock units ("RSUs") to David K. Wright and Melanie Alder, rather than open‑market sales.

Were the Pattern Group (PTRN) insider transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 1, 2026 tax‑withholding transactions were executed pursuant to a Rule 10b5-1 trading plan.

How many PTRN shares are held by the Wright Irrevocable Trust and Alder Irrevocable Trust?

The Wright Irrevocable Trust holds 45,297,280 Series A Common shares and the Alder Irrevocable Trust holds 29,418,585 shares. David K. Wright and Melanie Alder are trustees and each disclaims beneficial ownership except to the extent of any pecuniary interest.

What price per share is associated with the RSU tax-withholding for PTRN insiders?

Both tax-withholding dispositions used a reported price of $20.73 per share for Series A Common Stock when withholding 82,126 shares for David K. Wright and 27,370 shares for Melanie Alder in connection with RSU vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wright David K.

(Last)(First)(Middle)
C/O PATTERN GROUP INC.
1441 WEST INNOVATION WAY, SUITE 500

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Pattern Group Inc. [ PTRN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Series A Common Stock09/01/2026F82,126(1)D$20.73585,655D
Series A Common Stock09/01/2026F27,370(2)D$20.73195,223IBy spouse(3)
Series A Common Stock45,297,280IBy Wright Irrevocable Trust(4)
Series A Common Stock29,418,585IBy Alder Irrevocable Trust(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Wright David K.

(Last)(First)(Middle)
C/O PATTERN GROUP INC.
1441 WEST INNOVATION WAY, SUITE 500

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
Alder Irrevocable Trust

(Last)(First)(Middle)
C/O PATTERN GROUP INC.
1441 WEST INNOVATION WAY, SUITE 500

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Alder Melanie

(Last)(First)(Middle)
C/O PATTERN GROUP INC.
1441 WEST INNOVATION WAY, SUITE 500

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Strategy Officer
1. Name and Address of Reporting Person*
Wright Irrevocable Trust

(Last)(First)(Middle)
C/O PATTERN GROUP INC.
1441 WEST INNOVATION WAY, SUITE 500

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. 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.
2. 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.
3. David K. Wright's spouse, Melanie Alder, is a director and the Chief Strategy Officer of the Issuer.
4. 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.
5. 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.
Remarks:
DAVID K. WRIGHT By: /s/ Allison Fletcher, Attorney-in-Fact for David K. Wright09/03/2026
MELANIE ALDER By: /s/ Allison Fletcher, Attorney-in-Fact for Melanie Alder09/03/2026
WRIGHT IRREVOCABLE TRUST By: /s/ Allison Fletcher, Attorney-in-Fact for David K. Wright, Trustee By: /s/ Allison Fletcher, Attorney-in-Fact for Melanie Alder, Trustee09/03/2026
ALDER IRREVOCABLE TRUST By: /s/ Allison Fletcher, Attorney-in-Fact for David K. Wright, Trustee By: /s/ Allison Fletcher, Attorney-in-Fact for Melanie Alder, Trustee09/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)