Form 4: Alkami Technology Chief Legal Officer Sells Shares After Exercising Stock Options

Douglas A. Linebarger, Chief Legal Officer of Alkami Technology, Inc., executed stock options and subsequently sold shares of common stock on May 6 and May 7, 2024.

Summary

• On May 6 and 7, 2024, Douglas A. Linebarger, the Chief Legal Officer of Alkami Technology, Inc., engaged in transactions involving the company's common stock.
• Linebarger exercised stock options to acquire shares at prices of $1.70 and $2.34.
• Following the exercise of these options, Linebarger sold a portion of the acquired shares at weighted average prices ranging from $26.30 to $27.55.
• Specifically, on May 6, 2024, 59,868 shares were acquired and sold at a weighted average price of $26.7932, and 11,162 shares were acquired and sold at a weighted average price of $27.0084.
• On May 7, 2024, 4,838 shares were acquired and sold at a weighted average price of $27.1837.
• After these transactions, Linebarger directly owns 262,749 shares of Alkami Technology, Inc.
• Linebarger also holds options to purchase additional shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.

Key Dates