SCHEDULE 13G/A: General Atlantic Affiliates Maintain 9.6% Stake in Alkami Technology, Inc.

General Atlantic, L.P. and its affiliated entities have filed an amendment to their Schedule 13G, confirming their beneficial ownership of 9.6% of Alkami Technology, Inc.'s common stock as of December 31, 2024.

Summary

• General Atlantic, L.P. and a group of its affiliated entities (collectively, the "Reporting Persons") have filed an Amendment No. 2 to their Schedule 13G regarding their beneficial ownership in Alkami Technology, Inc.
• As of December 31, 2024, the Reporting Persons beneficially owned an aggregate of 9,673,196 shares of Alkami Technology, Inc.'s common stock.
• This ownership represents 9.6% of the total issued and outstanding common shares of Alkami Technology, Inc.
• The calculation of percentage ownership is based on 100,496,654 common shares reported by Alkami Technology, Inc. as outstanding following a secondary public offering on November 8, 2024.
• The beneficial ownership includes 27,878 shares held by Raphael Osnoss, an employee of General Atlantic Service Company, L.P. (GASC), solely for the benefit of GASC, which is controlled by the Partnership Committee.
• The Reporting Persons, through their complex organizational structure, share voting and dispositive power over these shares.
• The Partnership Committee, which controls General Atlantic, L.P. and GAP (Bermuda) L.P., consists of five members: William E. Ford, Gabriel Caillaux, Martn Escobari, David C. Hodgson, and Christopher G. Lanning.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without indicating positive or negative performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of significant beneficial ownership by a private equity firm in a publicly traded financial technology company. It reflects General Atlantic's continued investment in Alkami Technology, Inc., a provider of cloud-based digital banking solutions.

Corporate Governance

Related Party Transactions

• Raphael Osnoss, an employee of General Atlantic Service Company, L.P. (GASC), holds 27,878 common shares solely for the benefit of GASC, which is controlled by the Partnership Committee. This indicates an internal arrangement for shareholding within the General Atlantic group.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's continued stake in the company, confirming their long-term interest.

Key Dates

Keywords

Alkami Technology, General Atlantic, Schedule 13G/A, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Financial Technology