Form 4: Alkami Technology Director Defers Share Receipt Under Incentive Plan, Increasing Direct Holdings

Alkami Technology, Inc. Director and 10% owner Brian R. Smith acquired 697 shares of common stock through a deferred receipt under the company's 2021 Incentive Award Plan, bringing his direct holdings to 550,362 shares.

Summary

• Brian R. Smith, a Director and 10% owner of Alkami Technology, Inc. (ALKT), acquired 697 shares of common stock on July 5, 2025.
• The acquisition was a deferred receipt of shares under the terms of the company's 2021 Incentive Award Plan, with a reported price of $0.
• Following this transaction, Brian R. Smith directly holds 550,362 shares of Alkami Technology common stock.
• Additionally, S3 Ventures Fund III, L.P., S3 Ventures III, L.L.C., and S3 Ventures GPLP III, L.P., all of which Brian R. Smith is associated with, indirectly hold 14,218,240 shares of common stock.
• S3 Ventures GPLP III, L.P. is the general partner of S3 Ventures Fund III, L.P., and S3 Ventures III, L.L.C. is the General Partner of S3 Ventures GPLP III, L.P.
• Brian R. Smith is the Managing Director of S3 Ventures III, L.L.C., and may be deemed to have beneficial ownership of the shares held by S3 Fund III, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While the transaction is a deferred receipt under an incentive plan rather than an open market purchase, an insider acquiring shares (even through a grant) generally signals continued confidence in the company's performance and future.

Positives

• An insider, Brian R. Smith, acquired additional shares, which can be interpreted as a sign of confidence in the company's future prospects, even though it was a deferred receipt under an incentive plan rather than an open market purchase.

Management Comments

• Brian R. Smith elected to defer receipt of these shares under the terms of the 2021 Incentive Award Plan.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, which is common across publicly traded companies. It does not provide information on broader industry trends or competitive landscape, focusing solely on changes in beneficial ownership for a key insider.

Corporate Governance

Related Party Transactions

• The filing details the indirect beneficial ownership of 14,218,240 shares by S3 Ventures Fund III, L.P., S3 Ventures III, L.L.C., and S3 Ventures GPLP III, L.P., entities where Brian R. Smith serves as Managing Director and through which he may be deemed to have beneficial ownership. This structure represents a related party relationship concerning shareholdings.

Stakeholder Impact

• Shareholders: The transaction increases the direct and indirect holdings of a director and 10% owner, potentially signaling alignment of interests between management/significant shareholders and other investors.

Key Dates

Keywords

Alkami Technology, ALKT, SEC Form 4, Insider Transaction, Share Acquisition, Common Stock, Director, 10% Owner, S3 Ventures, Incentive Award Plan, Beneficial Ownership