13 unchanged sentences
Use of Proceeds from Registered Securities
−Removed: We did not engage in any unregistered sales of our securities during the year ended December 31, 2024, except as previously disclosed in a Current Report on Form 8-K dated December 19, 2024 in connection with the master exchange agreement and purchase agreement entered into with EQH.
−Removed: We did not engage in any unregistered sales of our equity securities during the year ended December 31, 2023.
−Removed: We did not engage in any unregistered sales of our securities during the year ended December 31, 2022 except as previously disclosed in a Current Report on Form 8-K dated July 1, 2022 in connection with the acquisition of CarVal Investors L.P.
+Added: We did not engage in any unregistered sales of our securities during the year ended December 31, 2025, except as previously disclosed in a Current Report on Form 8-K dated July 14, 2025, in connection with the amended and restated exchange agreement entered into with EQH on July 10, 2025.
+Added: We did not engage in any unregistered sales of our equity securities during the year ended December 31, 2024, except as previously disclosed in a Current Report on Form 8-K dated December 19, 2024, in connection with the master exchange agreement and purchase agreement entered into with EQH.
+Added: We did not engage in any unregistered sales of our securities during the year ended December 31, 2023.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Each quarter, AB considers whether to implement a plan to repurchase AB Holding Units pursuant to Rules 10b5-1 and 10b-18 under the Exchange Act.
−Removed: We did not adopt a plan during the fourth quarter of 2024.
+Added: The plan adopted during the fourth quarter expired at the close of business on December 26, 2025.
AB may adopt additional plans in the future to engage in open-market purchases of AB Holding Units to help fund anticipated obligations under the firm’s incentive compensation award program and for other corporate purposes.
For additional information about Rule 10b5-1 plans, see “Units Outstanding” in Item 7 .
−Removed: 2024 Annual Report 27
+Added: AllianceBernstein
AB Holding Units bought by us or one of our affiliates during the fourth quarter of 2025 are as follows:
9 unchanged sentences
379,848 39.76 — —
+Added: 12/1/25-12/31/25 (1)(2)
+Added: 2,260,238 41.42 — —
Total 2,780,684 $ 41.09 — —
+Added: (1) During the fourth quarter of 2025, AB purchased 740,598 AB Holding Units on the open market pursuant to a Rule 10b5-1 plan to help fund anticipated obligations under our incentive compensation award program.
(2) During the fourth quarter of 2025, AB retained from employees 2,040,086 AB Holding Units to allow them to fulfill statutory withholding tax requirements at the time of distribution of long-term incentive compensation awards.
−Removed: (2) Includes 5,211,194 AB Holding Units retired in connection with a master exchange agreement entered into with EQH on December 19, 2024.
−Removed: As the exchange was undertaken on a unit for unit basis and not for cash consideration, there is no purchase price reflected.
−Removed: See Exhibit 10.32 to this Form 10-K.
−Removed: AllianceBernstein
+Added: 2025 Annual Report 27
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.