4/A: Alight Inc. Director Richard N. Massey Amends Form 4 to Correct Share Reporting After Warrant Exercise

Richard N. Massey, a director at Alight Inc., filed an amended Form 4 to correct the number of shares received and beneficially owned after a make-whole exercise of warrants on December 20, 2021.

Summary

• Richard N. Massey, a director of Alight Inc., filed an amendment to a previous Form 4.
• The amendment corrects the number of shares reported as received in a make-whole exercise of warrants on December 20, 2021.
• The original filing was made on December 23, 2021.
• The correction clarifies the number of shares beneficially owned after the exercise and confirms that no shares were withheld in connection with the exercise.
• The reporting person exercised warrants on a make-whole and cashless basis, receiving 0.26 shares per warrant.
• The issuer withheld 0.74 shares per warrant exercised.
• Warrants remaining unexercised after December 27, 2021, would cease to be exercisable.
• After the make-whole exercise, the reporting person beneficially owns 1,473,489 shares of common stock.
• This amendment updates the beneficial ownership reported in Table I of each subsequently filed Form 4 by the Reporting Person through the date hereof.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction of share ownership information ensures accurate reporting to shareholders.

Key Dates