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

Stephen Bohanon, Chief Strategy & Product Officer at Alkami Technology, sold 15,491 shares of common stock to cover tax obligations related to vesting RSUs.

Summary

• Stephen Bohanon, Chief Strategy & Product Officer of Alkami Technology, sold 15,491 shares of common stock on December 3, 2024.
• The sale was executed at a price of $38.37 per share.
• This transaction was to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The sale was not a discretionary transaction but rather a 'sell to cover' to meet tax obligations.
• Following the transaction, Mr. Bohanon directly owns 358,204 shares of common stock.
• He also indirectly owns 678,232 shares through trusts, with 339,116 shares held by Botech Trust where he is the trustee and 339,116 shares held by KBCouture Trust where his spouse is the trustee.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially those with stock-based compensation plans.
• The 'sell to cover' method is a standard practice to manage tax liabilities associated with vesting equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Alkami Technology, insider trading, Form 4, stock sale, Stephen Bohanon, RSUs, tax obligations, executive compensation