Form 4: Alkami Technology Chief Legal Officer Sells Shares to Cover Tax Obligations

Douglas A. Linebarger, Chief Legal Officer of Alkami Technology, Inc., sold 4,358 shares of common stock on March 3, 2025, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).

Summary

• On March 3, 2025, Douglas A. Linebarger, the Chief Legal Officer of Alkami Technology, Inc. (ALKT), sold 4,358 shares of the company's common stock.
• The sale was executed at a price of $30.41 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• Following the transaction, Linebarger still beneficially owns 244,404 shares of Alkami Technology, Inc.
• The sale was not a discretionary transaction but rather a 'sell to cover' transaction to satisfy tax obligations.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. It's typical for executives to sell shares to cover tax obligations when RSUs vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates