Form 4: Brian R. Smith Reports Changes in Beneficial Ownership of Alkami Technology, Inc. Shares

Brian R. Smith, a director and 10% owner of Alkami Technology, Inc., reports acquisition of restricted stock units and indirect ownership through S3 Ventures Fund III, L.P.

Summary

• Brian R. Smith, a director and 10% owner of Alkami Technology, Inc. (ALKT), filed a Form 4 detailing changes in beneficial ownership.
• On May 14, 2025, Smith acquired 7,225 restricted stock units (RSUs) which vest on the earlier of the first anniversary of the grant date or immediately before the Annual Meeting following the grant date.
• Each RSU represents a contingent right to receive one share of common stock, and Smith elected to defer receipt of these shares under the terms of the 2021 Incentive Plan.
• Smith directly owns 549,665 shares of common stock.
• S3 Ventures Fund III, L.P. ('S3 Fund III') directly holds 14,218,240 shares.
• S3 Ventures GPLP III, L.P. ('S3 GPLP III') is the general partner of S3 Fund III.
• S3 Ventures III, L.L.C. ('S3 III LLC') is the General Partner of S3 GPLP III.
• Brian R. Smith is the Managing Director of S3 III LLC.
• S3 GPLP III, S3 III LLC, and Mr. Smith may be deemed to have beneficial ownership of the shares held by S3 Fund III, but each disclaims beneficial ownership except to the extent of its or his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of RSUs is tied to future events (anniversary of grant date or annual meeting).

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in ownership structure.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a key insider and significant shareholder.

Key Dates

Keywords

Form 4, beneficial ownership, Alkami Technology, ALKT, Brian R. Smith, S3 Ventures, restricted stock units, RSUs