SCHEDULE 13G/A: Major Shareholder George B. Kaiser and ARG Private Equity II Maintain Significant Stake in Alkami Technology

George B. Kaiser and ARG Private Equity II, LLC have reported their beneficial ownership in Alkami Technology, Inc., holding 6.53% and 2.51% of the common stock, respectively, as of December 31, 2024.

Summary

• This document is Amendment No. 3 to a Schedule 13G filing by ARG Private Equity II, LLC and George B. Kaiser concerning their beneficial ownership of Alkami Technology, Inc. common stock.
• As of December 31, 2024, ARG Private Equity II, LLC beneficially owned 2,521,611 shares, which represents 2.51% of Alkami Technology's common stock.
• As of the same date, George B. Kaiser beneficially owned 6,566,395 shares, representing 6.53% of the common stock.
• Mr. Kaiser is the sole Class A member of ARG Private Equity II, LLC and is therefore deemed to have beneficial ownership of the shares held by ARG, in addition to his directly held shares.
• The total number of shares of Common Stock outstanding used for these calculations is 100,496,654 as of September 30, 2024, as disclosed by Alkami Technology in its Quarterly Report on Form 10-Q filed on October 31, 2024.
• Both ARG Private Equity II, LLC and George B. Kaiser possess sole voting and sole dispositive power over their respective reported shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. While a routine disclosure, the continued significant stake by a major investor like George B. Kaiser can be interpreted as a positive signal of confidence, even if passive.

Positives

• The continued significant ownership by a major investor like George B. Kaiser, holding 6.53% of the common stock, indicates ongoing confidence in Alkami Technology, Inc.
• The explicit statement that the shares were not acquired for the purpose of changing or influencing control suggests a passive, long-term investment stance by the reporting persons.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Alkami Technology, Inc.'s future performance or strategic outlook.

Management Comments

• The filing includes a certification that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a routine disclosure of significant beneficial ownership, common for publicly traded companies in the financial technology sector. It indicates continued investor interest in Alkami Technology without providing specific insights into broader industry trends or competitive dynamics.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves to disclose beneficial ownership and does not contain financial or operational results that can be directly compared to industry benchmarks or specific comparable companies/projects. Its purpose is regulatory compliance regarding ownership thresholds.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence investor perception and confidence in the company's stability and investor base.

Key Dates

Keywords

Alkami Technology, ALK, Schedule 13G, Beneficial Ownership, George B. Kaiser, ARG Private Equity II, Common Stock, SEC Filing, Institutional Ownership