Alder Melanie 4
4 · Pattern Group Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Pattern Group (PTRN) CEO David K. Wright Receives RSU Award
What Happened
David K. Wright, CEO of Pattern Group, was granted a total of 500,000 restricted stock units (RSUs) on March 23, 2026—375,000 RSUs and 125,000 RSUs—at $0.00 per share (no cash exchanged at grant). Each RSU represents a contingent right to receive one share of Series A common stock upon vesting. This is an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: March 23, 2026; Form filed March 25, 2026 (appears timely under Section 16 reporting rules).
- Grants: 375,000 RSUs and 125,000 RSUs (total 500,000 RSUs) at $0.00 per RSU.
- Vesting: RSUs vest in equal annual installments over two years following March 23, 2026 (generally 50% after one year, remaining 50% after two years), conditional on continued service. (See footnote F1.)
- Shares owned after the transaction: not specified in the supplied summary of the Form 4.
- Notable disclosures: spouse Melanie Alder is a director and the Issuer’s Chief Strategy Officer (F3). Footnotes also note related irrevocable trusts (F4, F5) and include standard trust disclaimers regarding beneficial ownership.
Context
- RSU grants are a form of compensation that convert to actual shares only upon vesting; they do not involve an immediate cash outlay or sale.
- Because vesting is service-based, these awards are tied to continued employment rather than an immediate market view.
- The filing lists trust-ownership and disclaimers common in insider filings; these do not by themselves indicate trading intent or market sentiment.
Insider Transaction Report
Form 4
Wright David K.
DirectorChief Executive Officer10% Owner
Transactions
- Award
Series A Common Stock
[F1]2026-03-23+375,000→ 667,781 total - Award
Series A Common Stock
[F2][F3]2026-03-23+125,000→ 222,593 total(indirect: By Spouse)
Holdings
- 45,297,280(indirect: By Trust)
Series A Common Stock
[F4] - 29,418,585(indirect: By Trust)
Series A Common Stock
[F5]
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.