Form 4: General Atlantic Sells 375,000 Shares of Alkami Technology at $37.50 per Share

General Atlantic, a significant shareholder in Alkami Technology, sold 375,000 shares of common stock at $37.50 per share on November 12, 2024, following the underwriter's exercise of its over-allotment option.

Summary

• General Atlantic, L.P., along with affiliated entities, filed a Form 4 detailing changes in beneficial ownership of Alkami Technology, Inc. shares.
• On November 12, 2024, General Atlantic (AL), L.P. sold 375,000 shares of Alkami common stock at a price of $37.50 per share.
• The sale was executed pursuant to the exercise in full by the underwriter of its over-allotment option after the closing of the previously reported registered block trade.
• Following the transaction, General Atlantic (AL), L.P. directly holds 12,645,318 shares.
• Other entities, including General Atlantic Partners 100, L.P., General Atlantic Partners (Bermuda) EU, L.P., and others, share beneficial ownership of the common shares held by GA AL.
• 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 reporting a share sale. It doesn't inherently convey positive or negative sentiment, but the size of the sale could be interpreted in different ways by the market.

Industry Context

Private equity firms like General Atlantic often adjust their holdings in portfolio companies as part of their investment strategy, which can be influenced by market conditions and company performance.

Stakeholder Impact

• The sale of shares by a major shareholder like General Atlantic could potentially influence investor sentiment and Alkami's stock price.

Key Dates