Form 4: Alkami Technology CEO Sells Shares to Cover Tax Obligations

Alex Shootman, CEO of Alkami Technology, sold 35,408 shares of common stock to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).

Summary

• On March 10, 2025, Alex Shootman, the CEO of Alkami Technology, sold 35,408 shares of Alkami Technology's common stock.
• The shares were sold at a price of $24.28 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of RSUs.
• Following the transaction, Shootman still beneficially owns 1,031,485 shares of Alkami Technology's common stock.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing related to a stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.

Management Comments

• The sale was to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary transaction by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among executives of publicly traded companies.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates