Form 4: General Atlantic Sells 1.67 Million Alkami Technology Shares in Block Trade

General Atlantic, a significant shareholder in Alkami Technology, sold 1,666,667 shares of common stock at $31.17 per share in a registered block trade.

Summary

• General Atlantic, L.P. sold 1,666,667 shares of Alkami Technology, Inc. common stock on August 12, 2024.
• The sale was executed through a registered block trade at a price of $31.17 per share.
• Following the transaction, General Atlantic (AL), L.P. directly holds 15,520,318 shares.
• Raphael Osnoss, an employee of General Atlantic Service Company, L.P., holds 27,878 shares and 6,853 restricted stock units solely for the benefit of GASC.
• The filing includes multiple entities under the General Atlantic umbrella, including various partnerships and LLCs, which may be deemed to be members of a 'group' for Securities Exchange Act purposes.
• The reporting persons disclaim beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.

Industry Context

Block trades are common mechanisms for large shareholders to reduce their positions in a company. The impact on the stock price can vary depending on market conditions and investor sentiment.

Stakeholder Impact

• The sale of shares could potentially impact the stock price, affecting shareholders.
• The transaction may influence investor perception of Alkami Technology's prospects.

Key Dates