Form 4: Alight Inc. CFO Katie J. Rooney Sells Shares Under 10b5-1 Trading Plan

Katie J. Rooney, CFO of Alight Inc., executed sales of Class A Common Stock on April 1st and 2nd, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Katie J. Rooney, the Chief Financial Officer and Chief Operating Officer of Alight Inc., sold shares of Class A Common Stock on April 1, 2024, and April 2, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 15, 2023, for asset diversification and financial planning.
• On April 1, 2024, 2,777 shares were sold at a weighted average price of $9.7024, resulting in 2,927,314 shares beneficially owned following the transaction.
• On April 2, 2024, another 2,777 shares were sold at a weighted average price of $9.4797, resulting in 2,924,537 shares beneficially owned following the transaction.
• The reporting person also indirectly owns 69,620 shares of Class V Common Stock through Tempo Management, LLC.
• The Class V common stock does not represent economic interests in the Issuer but carries one vote per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports routine stock sales under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent approach to asset diversification.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives to sell shares over a period of time, mitigating concerns about insider trading.
• Comparable companies such as ADP, Paychex, and Workday also have executives who utilize similar trading plans for asset diversification and financial planning.
• The volume of shares sold is relatively small compared to the total outstanding shares of Alight Inc.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates