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

Alkami Technology's Chief Strategy & Product Officer, Stephen Bohanon, sold a total of 21,068 shares of common stock on December 5, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Stephen Bohanon, Chief Strategy & Product Officer at Alkami Technology, sold 18,492 shares of common stock at a weighted average price of $39.1515 per share on December 5, 2024.
• He also sold an additional 2,576 shares at $39.5 per share on the same day.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these sales, Mr. Bohanon directly owns 337,136 shares of Alkami Technology common stock.
• He also indirectly owns 678,232 shares through trusts, with 339,116 shares held by the Botech Trust where he is the trustee and 339,116 shares held by the KBCouture Trust where his spouse is the trustee.

Sentiment

Score: 5

Explanation: The document is a routine filing of an executive stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies. The use of a 10b5-1 plan indicates that the sales were pre-arranged and not based on any non-public information.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and portfolio management across the technology industry.
• The use of a 10b5-1 trading plan is a common practice to avoid accusations of insider trading, and is used by executives at companies such as Microsoft, Apple and Google.
• The volume of shares sold is not unusual for an executive at a company of Alkami's size.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but the use of a 10b5-1 plan suggests it was not based on any inside information.

Key Dates

Keywords

Form 4, insider trading, stock sale, Rule 10b5-1, Stephen Bohanon, Alkami Technology, ALKT, executive