Form 4: Alight Inc. CFO Katie J. Rooney Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Katie J. Rooney, CFO of Alight Inc., sold shares of Class A Common Stock on March 6 and 7, 2024, under a pre-arranged 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 March 6 and March 7, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on September 15, 2023, as part of a long-term strategy for asset diversification and financial planning.
- On March 6, 2024, 26,164 shares were sold at a weighted average price of $8.9522, with prices ranging from $8.87 to $9.00.
- On March 7, 2024, 5,454 shares were sold at a weighted average price of $9.092, with prices ranging from $9.065 to $9.115.
- Following these transactions, Rooney directly owns 2,958,240 shares of Class A Common Stock, including restricted stock units scheduled to vest in the future.
- Rooney also indirectly owns 69,620 shares of Class V Common Stock through Tempo Management, LLC.
- Class V common stock does not represent economic interests in the Issuer.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock sales under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given that the sales were pre-planned.
Key Dates
| Date | Description |
|---|---|
| 09/15/2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan. |
| 03/06/2024 | Date of the first reported transaction (sale of Class A Common Stock). |
| 03/07/2024 | Date of the second reported transaction (sale of Class A Common Stock). |
| 03/08/2024 | Date of the signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.