Form 4: Alight Inc. Executive Tulsiani Sells Shares to Cover Tax Obligations

Dinesh V. Tulsiani, Chief Strategy Officer of Alight, Inc., disposed of shares to cover tax liabilities upon vesting of restricted stock units.

Summary

• On March 10, 2024, Dinesh V. Tulsiani, Chief Strategy Officer of Alight, Inc., disposed of 23,949 shares of Class A Common Stock to cover tax liabilities.
• The shares were withheld by the issuer to cover federal and state tax withholding obligations.
• The transaction price was $9.11 per share.
• Following the transaction, Tulsiani directly owns 714,065 shares of Class A Common Stock, including restricted stock units scheduled to vest in the future.
• Tulsiani also indirectly owns 82,945 shares of Class V Common Stock through Tempo Management, LLC.
• Class V common stock does not represent economic interests in the Issuer but carries one vote per share.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction for tax purposes, which is neither inherently positive nor negative.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Key Dates