SCHEDULE 13G/A: S3 Ventures and Brian R. Smith Disclose Significant Passive Stake in Alkami Technology, Inc.
Beneficial Ownership Disclosure Amendment
An amended Schedule 13G filing reveals that S3 Ventures and Brian R. Smith collectively hold a substantial passive ownership stake, exceeding 14%, in Alkami Technology, Inc. as of December 31, 2024.
Summary
- Brian R. Smith, S3 Ventures Fund III, L.P., S3 Ventures GPLP III, L.P., and S3 Ventures III, L.L.C. (collectively, the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Alkami Technology, Inc.
- As of December 31, 2024, Brian R. Smith beneficially owns 14,759,550 shares of Common Stock, representing 14.69% of the class.
- S3 Ventures Fund III, L.P., S3 Ventures GPLP III, L.P., and S3 Ventures III, L.L.C. each beneficially own 14,218,240 shares of Common Stock, representing 14.15% of the class.
- The beneficial ownership calculation is based on 100,496,654 shares of Common Stock outstanding as of September 30, 2024, as disclosed by Alkami Technology, Inc. in its Form 10-Q filed on October 31, 2024.
- Brian R. Smith has sole voting and dispositive power over 541,310 shares and shared voting and dispositive power over 14,218,240 shares.
- S3 Ventures Fund III, L.P., S3 Ventures GPLP III, L.P., and S3 Ventures III, L.L.C. each have shared voting and dispositive power over 14,218,240 shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without positive or negative commentary on the company's performance or outlook.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership stakes, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2022-02-09 | Date of the Joint Filing Agreement among the Reporting Persons, referenced in Exhibit 99.1. |
| 2024-09-30 | Total number of shares of Common Stock outstanding (100,496,654) used for beneficial ownership calculation. |
| 2024-10-31 | Date Alkami Technology, Inc. filed its Quarterly Report on Form 10-Q disclosing shares outstanding. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-02-05 | Signature date for Brian R. Smith as Manager of S3 Ventures III, L.L.C. |
| 2025-02-06 | Main filing date of the Schedule 13G/A and signature date for S3 Ventures entities and Brian R. Smith. |
Keywords
Alkami Technology Inc., ALK, Schedule 13G/A, beneficial ownership, S3 Ventures, Brian R. Smith, institutional investor, common stock, SEC filing, passive investment
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