Form 4: Alkami Technology Executive Stephen Bohanon Sells Shares Under 10b5-1 Plan

Stephen Bohanon, Chief Strategy & Product Officer of Alkami Technology, sold a total of 34,075 shares of common stock between March 18 and March 19, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Stephen Bohanon, Chief Strategy & Product Officer of Alkami Technology, sold shares of the company's common stock.
• The sales occurred between March 18 and March 19, 2024.
• A total of 19,052 shares were sold on March 18 at a weighted average price of $23.0229.
• An additional 10,000 shares were sold on March 18 at a weighted average price of $23.0199.
• On March 19, 5,023 shares were sold at a weighted average price of $23.5684.
• The sales were executed under a Rule 10b5-1 trading plan established on December 13, 2023.
• Following these transactions, Bohanon directly owns 429,800 shares and indirectly owns 678,232 shares.
• The indirect ownership includes shares held by Botech Trust and KBCouture Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The document simply reports the sale of shares by an executive under a pre-arranged trading plan. There's no indication of positive or negative sentiment towards the company's performance or future prospects.

Industry Context

Insider selling can be interpreted in various ways by the market. While not inherently negative, significant insider selling can sometimes raise concerns among investors, especially if it's perceived as a lack of confidence in the company's future prospects. However, sales under a 10b5-1 plan are often pre-scheduled and may not reflect the insider's current outlook.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal.

Key Dates