Pattern Group CEO granted 375,000 RSUs
Wright David K. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wright David K. reported acquisition or exercise transactions in this Form 4 filing.
Pattern Group Inc. reported that Chief Executive Officer David K. Wright received a grant of 375,000 restricted stock units (RSUs) of Series A common stock on March 23, 2026, with no cash paid per share. Following this award, he directly holds 667,781 shares of this class.
On the same date, 125,000 RSUs of Series A common stock were granted to his spouse, Chief Strategy Officer and director Melanie Alder, held as an indirect position for Wright. After this grant, the indirect holding “by spouse” totals 222,593 shares. Separate entries show 45,297,280 shares held by the Wright Irrevocable Trust and 29,418,585 shares held by the Alder Irrevocable Trust; Wright and Alder serve as trustees and each disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 500,000 shares
Grant/Award
4 txns
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 |
|---|---|---|---|---|
| Grant/Award | Series A Common Stock | 375,000 | $0.00 | $0.00 |
| Grant/Award | Series A Common Stock | 125,000 | $0.00 | $0.00 |
| holding | Series A Common Stock | -- | -- | -- |
| holding | Series A Common Stock | -- | -- | -- |
Holdings After Transaction:
Series A Common Stock — 667,781 shares (Direct);
Series A Common Stock — 222,593 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)
- F1. These shares represent restricted stock units (RSUs) granted on March 23, 2026, which vest in equal annual installments over two years following March 23, 2026, subject to the continued service of David K. Wright to the Issuer through each applicable vesting date. Each RSU represents a contingent right to receive one share of Series A common stock.
- F2. These shares represent RSUs granted on March 23, 2026, which vest in equal annual installments over two years following March 23, 2026, subject to the continued service of Melanie Alder to the Issuer through each applicable vesting date. Each RSU represents a contingent right to receive one share of Series A common stock.
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PTRN report for David K. Wright on March 23, 2026?
Pattern Group Inc. reported that CEO David K. Wright received a grant of 375,000 restricted stock units of Series A common stock on March 23, 2026. These RSUs were awarded at no cash cost per share and increased his direct holdings to 667,781 shares.
What equity award did PTRN’s Chief Strategy Officer Melanie Alder receive?
Chief Strategy Officer and director Melanie Alder received 125,000 restricted stock units of Series A common stock on March 23, 2026. These RSUs vest over two years and are reflected as an indirect holding for David K. Wright, bringing the “by spouse” position to 222,593 shares.
How do the RSUs granted to PTRN executives vest over time?
The RSUs granted to David K. Wright and Melanie Alder on March 23, 2026 vest in equal annual installments over two years following that date. Each restricted stock unit represents a contingent right to receive one share of Pattern Group’s Series A common stock upon vesting and continued service.
What large indirect holdings are associated with trusts in the PTRN Form 4?
The filing shows 45,297,280 Series A shares held by the Wright Irrevocable Trust and 29,418,585 shares held by the Alder Irrevocable Trust. David K. Wright and Melanie Alder are trustees and each disclaims beneficial ownership, except to the extent of any pecuniary interest in these trust-held securities.
Are the PTRN insider transactions open-market buys or compensation awards?
The reported insider activity consists of compensation-related awards, not open-market purchases. Both David K. Wright and Melanie Alder received restricted stock units of Series A common stock at a stated price of zero per share, reflecting equity grants rather than discretionary buying in the market.
What is David K. Wright’s ownership type for the new PTRN RSUs?
The 375,000 RSUs granted to David K. Wright are reported as a direct ownership position in Series A common stock. The 125,000 RSUs granted to his spouse, Melanie Alder, are reported as an indirect position “by spouse,” reflecting separate but related holdings tied to the same executive family.
AI-generated analysis. How Rhea-AI works. Not financial advice.
