AG˹ٷ

STOCK TITAN

[8-K] Pitney Bowes Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
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.

AlTi Global (ALTI) Modulo 4/A modifica la dichiarazione del 16 giugno 2025 per il direttore Ali Bouzarif.

  • Il 13 giugno 2025 ha ricevuto 22.312 unità di azioni vincolate (RSU) convertibili 1:1 in azioni di Classe A, con maturazione entro il 30 giugno 2025.
  • Proprietà diretta dopo la concessione: 53.787 azioni.
  • Proprietà indiretta tramite MERCYAH B.V.: 748.298 azioni (Bouzarif controlla l’entità ma nega la titolarità beneficiaria oltre il suo interesse pecuniario).
  • La partecipazione totale dichiarata è ora di circa 802.000 azioni.

La dichiarazione riporta il codice transazione “M�, che indica la liquidazione di un derivato (la concessione delle RSU). Nessuna azione è stata venduta e non sono stati scambiati contanti. L’emendamento corregge un errore amministrativo nel precedente Modulo 4; l’impatto economico su AlTi Global è irrilevante, ma l’aggiornamento conferma un forte allineamento degli insider e sottolinea l’importanza di una corretta rendicontazione ai sensi della Sezione 16.

AlTi Global (ALTI) Formulario 4/A modifica la presentación del 16 de junio de 2025 para el director Ali Bouzarif.

  • El 13 de junio de 2025 recibió 22,312 unidades restringidas de acciones (RSU) que se convierten 1 a 1 en acciones Clase A y vencen a más tardar el 30 de junio de 2025.
  • Propiedad directa tras la concesión: 53,787 acciones.
  • Propiedad indirecta a través de MERCYAH B.V.: 748,298 acciones (Bouzarif controla la entidad pero renuncia a la propiedad beneficiaria más allá de su interés pecuniario).
  • La participación total declarada es ahora aproximadamente 802,000 acciones.

La presentación lleva el código de transacción “M�, que indica la liquidación de un derivado (la concesión de RSU). No se vendieron acciones ni hubo intercambio de efectivo. La enmienda corrige un error administrativo en el Formulario 4 anterior; el impacto económico para AlTi Global es insignificante, pero la actualización confirma una alineación sustancial de los insiders y destaca la importancia de un reporte preciso según la Sección 16.

AlTi Global (ALTI) 양식 4/A� 2025� 6� 16일에 제출� 이사 Ali Bouzarif� 신고� 수정합니�.

  • 2025� 6� 13일에 1대1� 클래� A 주식으로 전환되며 2025� 6� 30일까지 완전� 취득되는 22,312개의 제한 주식 단위(RSU)� 받았습니�.
  • 수여 � 직접 소유: 53,787�.
  • MERCYAH B.V.� 통한 간접 소유: 748,298� (Bouzarif� 해당 법인� 통제하지� 금전� 이익� 초과하는 실질� 소유권은 부인합니다).
  • � 보고� 실질 지분은 � 80� 2� �입니�.

신고서에� 파생상품 결제� 나타내는 거래 코드 “M”이 포함되어 있습니다 (RSU 수여). 주식은 판매되지 않았으며 현금 거래� 없었습니�. 이번 수정은 이전 양식 4� 행정� 오류� 수정� 것으�, AlTi Global� 대� 경제� 영향은 미미하지�, 이번 업데이트� 내부자들� 강한 이해관� 일치� 확인하고 섹션 16 보고� 정확� 중요성을 강조합니�.

AlTi Global (ALTI) Formulaire 4/A modifie le dépôt du 16 juin 2025 concernant le directeur Ali Bouzarif.

  • Le 13 juin 2025, il a reçu 22 312 unités d'actions restreintes (RSU) convertibles à raison de 1 pour 1 en actions de Classe A, et acquises au plus tard le 30 juin 2025.
  • Propriété directe après l’attribution : 53 787 actions.
  • Propriété indirecte via MERCYAH B.V. : 748 298 actions (Bouzarif contrôle l’entité mais décline la propriété bénéficiaire au-delà de son intérêt pécuniaire).
  • La participation bénéficiaire totale déclarée est désormais d’environ 802 000 actions.

Le dépôt porte le code de transaction « M », indiquant le règlement d’un dérivé (l’attribution des RSU). Aucune action n’a été vendue et aucun échange d’argent n’a eu lieu. L’amendement corrige une erreur administrative dans le formulaire 4 précédent ; l’impact économique pour AlTi Global est négligeable, mais cette mise à jour confirme un alignement important des initiés et souligne l’importance d’un reporting précis selon la Section 16.

AlTi Global (ALTI) Formular 4/A ändert die Einreichung vom 16. Juni 2025 für den Direktor Ali Bouzarif.

  • Am 13. Juni 2025 erhielt er 22.312 eingeschränkte Aktieneinheiten (RSUs), die 1:1 in Class-A-Aktien umgewandelt werden und spätestens am 30. Juni 2025 unverfallbar sind.
  • Direkter Besitz nach der Zuteilung: 53.787 Aktien.
  • Indirekter Besitz über MERCYAH B.V.: 748.298 Aktien (Bouzarif kontrolliert die Gesellschaft, lehnt jedoch den wirtschaftlichen Eigentumsvorteil über sein finanzielles Interesse hinaus ab).
  • Die insgesamt gemeldete wirtschaftliche Beteiligung beträgt nun ca. 802.000 Aktien.

Die Einreichung trägt den Transaktionscode „M�, der auf die Abwicklung eines Derivats (die RSU-Zuteilung) hinweist. Es wurden keine Aktien verkauft und kein Geld floss. Die Änderung korrigiert einen administrativen Fehler im vorherigen Formular 4; die wirtschaftlichen Auswirkungen auf AlTi Global sind unerheblich, aber die Aktualisierung bestätigt eine erhebliche Insider-Ausrichtung und unterstreicht die Bedeutung einer korrekten Meldung gemäß Abschnitt 16.

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

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.

AlTi Global (ALTI) Modulo 4/A modifica la dichiarazione del 16 giugno 2025 per il direttore Ali Bouzarif.

  • Il 13 giugno 2025 ha ricevuto 22.312 unità di azioni vincolate (RSU) convertibili 1:1 in azioni di Classe A, con maturazione entro il 30 giugno 2025.
  • Proprietà diretta dopo la concessione: 53.787 azioni.
  • Proprietà indiretta tramite MERCYAH B.V.: 748.298 azioni (Bouzarif controlla l’entità ma nega la titolarità beneficiaria oltre il suo interesse pecuniario).
  • La partecipazione totale dichiarata è ora di circa 802.000 azioni.

La dichiarazione riporta il codice transazione “M�, che indica la liquidazione di un derivato (la concessione delle RSU). Nessuna azione è stata venduta e non sono stati scambiati contanti. L’emendamento corregge un errore amministrativo nel precedente Modulo 4; l’impatto economico su AlTi Global è irrilevante, ma l’aggiornamento conferma un forte allineamento degli insider e sottolinea l’importanza di una corretta rendicontazione ai sensi della Sezione 16.

AlTi Global (ALTI) Formulario 4/A modifica la presentación del 16 de junio de 2025 para el director Ali Bouzarif.

  • El 13 de junio de 2025 recibió 22,312 unidades restringidas de acciones (RSU) que se convierten 1 a 1 en acciones Clase A y vencen a más tardar el 30 de junio de 2025.
  • Propiedad directa tras la concesión: 53,787 acciones.
  • Propiedad indirecta a través de MERCYAH B.V.: 748,298 acciones (Bouzarif controla la entidad pero renuncia a la propiedad beneficiaria más allá de su interés pecuniario).
  • La participación total declarada es ahora aproximadamente 802,000 acciones.

La presentación lleva el código de transacción “M�, que indica la liquidación de un derivado (la concesión de RSU). No se vendieron acciones ni hubo intercambio de efectivo. La enmienda corrige un error administrativo en el Formulario 4 anterior; el impacto económico para AlTi Global es insignificante, pero la actualización confirma una alineación sustancial de los insiders y destaca la importancia de un reporte preciso según la Sección 16.

AlTi Global (ALTI) 양식 4/A� 2025� 6� 16일에 제출� 이사 Ali Bouzarif� 신고� 수정합니�.

  • 2025� 6� 13일에 1대1� 클래� A 주식으로 전환되며 2025� 6� 30일까지 완전� 취득되는 22,312개의 제한 주식 단위(RSU)� 받았습니�.
  • 수여 � 직접 소유: 53,787�.
  • MERCYAH B.V.� 통한 간접 소유: 748,298� (Bouzarif� 해당 법인� 통제하지� 금전� 이익� 초과하는 실질� 소유권은 부인합니다).
  • � 보고� 실질 지분은 � 80� 2� �입니�.

신고서에� 파생상품 결제� 나타내는 거래 코드 “M”이 포함되어 있습니다 (RSU 수여). 주식은 판매되지 않았으며 현금 거래� 없었습니�. 이번 수정은 이전 양식 4� 행정� 오류� 수정� 것으�, AlTi Global� 대� 경제� 영향은 미미하지�, 이번 업데이트� 내부자들� 강한 이해관� 일치� 확인하고 섹션 16 보고� 정확� 중요성을 강조합니�.

AlTi Global (ALTI) Formulaire 4/A modifie le dépôt du 16 juin 2025 concernant le directeur Ali Bouzarif.

  • Le 13 juin 2025, il a reçu 22 312 unités d'actions restreintes (RSU) convertibles à raison de 1 pour 1 en actions de Classe A, et acquises au plus tard le 30 juin 2025.
  • Propriété directe après l’attribution : 53 787 actions.
  • Propriété indirecte via MERCYAH B.V. : 748 298 actions (Bouzarif contrôle l’entité mais décline la propriété bénéficiaire au-delà de son intérêt pécuniaire).
  • La participation bénéficiaire totale déclarée est désormais d’environ 802 000 actions.

Le dépôt porte le code de transaction « M », indiquant le règlement d’un dérivé (l’attribution des RSU). Aucune action n’a été vendue et aucun échange d’argent n’a eu lieu. L’amendement corrige une erreur administrative dans le formulaire 4 précédent ; l’impact économique pour AlTi Global est négligeable, mais cette mise à jour confirme un alignement important des initiés et souligne l’importance d’un reporting précis selon la Section 16.

AlTi Global (ALTI) Formular 4/A ändert die Einreichung vom 16. Juni 2025 für den Direktor Ali Bouzarif.

  • Am 13. Juni 2025 erhielt er 22.312 eingeschränkte Aktieneinheiten (RSUs), die 1:1 in Class-A-Aktien umgewandelt werden und spätestens am 30. Juni 2025 unverfallbar sind.
  • Direkter Besitz nach der Zuteilung: 53.787 Aktien.
  • Indirekter Besitz über MERCYAH B.V.: 748.298 Aktien (Bouzarif kontrolliert die Gesellschaft, lehnt jedoch den wirtschaftlichen Eigentumsvorteil über sein finanzielles Interesse hinaus ab).
  • Die insgesamt gemeldete wirtschaftliche Beteiligung beträgt nun ca. 802.000 Aktien.

Die Einreichung trägt den Transaktionscode „M�, der auf die Abwicklung eines Derivats (die RSU-Zuteilung) hinweist. Es wurden keine Aktien verkauft und kein Geld floss. Die Änderung korrigiert einen administrativen Fehler im vorherigen Formular 4; die wirtschaftlichen Auswirkungen auf AlTi Global sind unerheblich, aber die Aktualisierung bestätigt eine erhebliche Insider-Ausrichtung und unterstreicht die Bedeutung einer korrekten Meldung gemäß Abschnitt 16.

PITNEY BOWES INC /DE/ false 0000078814 0000078814 2025-07-28 2025-07-28 0000078814 us-gaap:CommonStockMember 2025-07-28 2025-07-28 0000078814 us-gaap:DeferrableNotesMember 2025-07-28 2025-07-28
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

July 28, 2025

Date of Report (Date of earliest event reported)

 

 

Pitney Bowes Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-3579   06-0495050
(State or other jurisdiction
of incorporation or organization)
 

(Commission

file number)

  (I.R.S. Employer
Identification No.)

3001 Summer Street

Stamford, Connecticut 06926

(Address of principal executive offices, including zip code)

(203) 356-5000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Trading
Symbol(s)

 

Name of Each Exchange

on Which Registered

Common Stock, $1 par value per share   PBI   New York Stock Exchange
6.70% Notes due 2043   PBI.PRB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.02. Results of Operations and Financial Condition.

On July 30, 2025, Pitney Bowes Inc. (the “Company”) issued a press release setting forth its financial results, including consolidated statements of income, supplemental information, and a reconciliation of reported results to adjusted results for the three months ended June 30, 2025 and 2024, and consolidated balance sheets at June 30, 2025 and December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

In addition, on July 30, 2025, Kurt Wolf, the Company’s President and Chief Executive Officer, issued a letter regarding the Company’s financial results for the three months ended June 30, 2025. A copy of the letter is attached hereto as Exhibit 99.2 and hereby incorporated by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 28, 2025, the Board of Directors of the Company (the “Board”) appointed Paul Evans as EVP, Chief Financial Officer and Treasurer of the Company, effective as of July 29, 2025 (the “Effective Date”). In connection with his appointment, Mr. Evans resigned from the Board on the Effective Date. As of the effective time of Mr. Evans’ resignation, Brent Rosenthal was appointed as Chair of the Audit Committee and a member and Chair of the Value Enhancement Committee.

In addition, on July 29, 2025, the Board appointed Peter Brimm to serve as a director of the Board, effective as of July 30, 2025. Mr. Brimm will serve on the Governance Committee and the Executive Compensation Committee. Mr. Brimm will participate in the standard non-management director compensation arrangements described in the Company’s proxy statement.

Robert Gold ceased serving as EVP, Chief Financial Officer and Treasurer and departed from the Company, each effective as of the Effective Date.

Appointment of Paul Evans as EVP, Chief Financial Officer and Treasurer

Mr. Evans, age 57, has served as a member of the Board since October 2024 and as Managing Member at FSS Capital, LLC, a firm which provides business advisory services, construction financing to real estate and managed capital to startup ventures, since 2021. Previously, Mr. Evans served as the Chief Operating Officer and director of America’s Auto Auction Group, a private equity-backed nationwide industry leading automotive remarketing company, from January 2023 to October 2023, and Executive Consultant from April 2022 to December 2022, where he oversaw the organization’s strategy and operations. From August 2016 to December 2022, Mr. Evans served as a director of Hill International, Inc. (NYSE: HIL), a provider of program management, project management, construction management and other consulting services, and Interim Chief Executive Officer from May 2017 to October 2018. From June 2020 to June 2021, Mr. Evans served as a director of GameStop Corp. (NYSE: GME). Mr. Evans also served as the Chief Financial Officer and director of Sevan Multi-Site Solutions, a private equity-backed provider of design, program management and construction services from April 2020 until August 2021. Prior to these roles, Mr. Evans served in a variety of roles at the MYR Group, Inc. (“MYR”) (NASDAQ: MYRG), a holding company of specialty electrical construction service providers that service the electrical infrastructure industry, including as MYR’s Principal Financial and Chief Accounting Officer; as the Chief Executive Officer of Conex Energy Corporation, a privately-held company that developed renewable energy projects; as the Treasurer and Corporate Officer at NorthWestern Energy (NASDAQ: NWE), an energy service provider assisting customers in Montana, South Dakota and Nebraska; as the Vice President of Finance at Duke Energy North America, a subsidiary of Duke Energy (NYSE: DUK); and as Executive Director of Finance at NRG Energy, Inc. (NYSE: NRG). Mr. Evans is a U.S. Army veteran, a Certified Public Accountant, and a member of the American Institute of Certified Public Accountants. Mr. Evans received a B.B.A. in Accounting from Stephen F. Austin State University and a Masters of International Management from Thunderbird School of Global Management.

There are no arrangements or understandings between Mr. Evans and any person pursuant to which Mr. Evans was selected as an officer, and no family relationships exist between Mr. Evans and any director or executive officer of the Company. Mr. Evans is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.


In connection with his appointment as EVP, Chief Financial Officer and Treasurer, the Company provided an employment offer letter to Mr. Evans describing the terms and conditions of his employment (the “Employment Letter”). Pursuant to the terms of the Employment Letter, effective as of the Effective Date, Mr. Evans will be entitled to the following: (a) an annual base salary of $600,000, less applicable withholdings and other payroll deductions, (b) an annual incentive award with a target value of 80% of his annual base salary, which may be earned based on achievement of applicable performance goals established by the Board, subject to his continued employment with the Company through the date of payment, and (c) an annual long-term equity-based incentive award with a target grant date value of $1,500,000, subject to the terms and conditions of the applicable award agreements and the Company’s long-term incentive plan. Each of Mr. Evans’ target annual incentive award and target long-term equity-based incentive for 2025 will be pro-rated to reflect his mid-year hire.

In addition, pursuant to an additional letter (the “Additional Letter”), the Company confirmed that Mr. Evans’ outstanding restricted stock units granted in connection with his service as a director of the Board will vest and be settled on the Effective Date.

The foregoing descriptions of the Employment Letter and the Additional Letter do not purport to be complete and are qualified in their entirety by reference to the full text of the Employment Letter and the Additional Letter, which are attached hereto as Exhibits 10.1 and 10.2 and incorporated herein by reference.

Appointment of Peter Brimm as a Director

Mr. Brimm, age 50, is currently the President of Envoy Holdings, a family office. Prior to this position, Mr. Brimm was the Executive Vice President of Strategy and Innovation for Shiplake Properties, a Toronto-based real estate firm. Previously to that, Mr. Brimm served as the Chief Growth Officer at the augmented reality startup Leap Tools Inc., where he helped build out the business capabilities that lead the business to significant revenue growth (qualifying for the Deloitte Fast50 for three consecutive years). He has also held various roles working as a portfolio manager for several leading hedge funds in the US and in Canada, including Relational Investors and West Face Capital Inc., among others. Mr. Brimm currently serves on the board of Medical Facilities Corporation (TSX:DR) and is a member of the Audit Committee and head of the Corporate Governance, Nominating and Compensation Committee. Mr. Brimm previously served on the Audit and Compensation Committee for Dye & Durham (TSX:DND). He holds an MBA from the Stanford University Graduate School of Business with certificates in Global Management and Public Management and a B.A. cum laude in Business Economics from the University of California at Los Angeles. Mr. Brimm also holds a CFA Charter and is based in Toronto, Ontario, Canada.

The appointment of Mr. Brimm to the Board was made pursuant to Section 1(c) the Company’s Cooperation Agreement with Hestia Capital Partners, LP and each of the persons set forth on Exhibit A thereto (the “Cooperation Agreement”). Mr. Brimm will be deemed to replace Mr. Evans as a Replacement Director under the Cooperation Agreement. There are no other arrangements or understandings between Mr. Brimm and any person pursuant to which Mr. Brimm was selected as an officer, and no family relationships exist between Mr. Brimm and any director or executive officer of the Company. Mr. Brimm is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On July 30, 2025, the Company issued a press release announcing Mr. Evans’ appointment as EVP, Chief Financial Officer and Treasurer, Mr. Brimm’s appointment as a director of the Board, and Mr. Gold’s departure from the Company. A copy of the press release is furnished hereto as Exhibit 99.3 and incorporated into this Item 7.01 by reference.

The information in this Item 7.01 of Form 8-K, including the accompanying Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

  

Description

10.1    Employment Letter, dated as of July 28, 2025, between Pitney Bowes Inc. and Paul Evans.
10.2    Additional Letter, dated as of July 28, 2025, between Pitney Bowes Inc. and Paul Evans.
99.1    Press Release of the Company, dated July 30, 2025, regarding Second Quarter 2025 Financial Results.
99.2    Letter from Kurt Wolf regarding Second Quarter 2025 Financial Results.
99.3    Press Release of the Company, dated July 30, 2025, regarding Executive and Board Transition.
104    Cover Page Interactive Data File – the cover page from this Current Report on Form 8-K, formatted as Inline XBRL (included as Exhibit 101).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Pitney Bowes Inc.
Date: July 30, 2025     By:  

/s/ Lauren Freeman-Bosworth

    Name:   Lauren Freeman-Bosworth
    Title:   Executive Vice President, General Counsel and Corporate Secretary

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.
Pitney Bowes

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