Form 4: S3 Ventures' Brian R. Smith Reports Changes in Alkami Technology Ownership

Brian R. Smith, affiliated with S3 Ventures, reports acquisition and indirect ownership of Alkami Technology shares.

Summary

• Brian R. Smith, a director and 10% owner of Alkami Technology, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2024, Smith acquired 6,853 shares of Common Stock at $0.
• Following the transaction, Smith directly owns 867,296 shares of Common Stock.
• Smith also indirectly owns 18,532,824 shares through S3 Ventures Fund III, L.P.
• S3 Ventures GPLP III, L.P., S3 Ventures III, L.L.C., and Brian R. Smith may be deemed to have beneficial ownership of the shares held by S3 Fund III, but they disclaim beneficial ownership except to the extent of their pecuniary interest.
• The acquired shares represent restricted stock units (RSUs) which vest in full on the earlier of (i) the first anniversary of the grant date and (ii) immediately before the Annual Meeting following the grant date.
• Each RSU represents a contingent right to receive one share of common stock, and the reporting person elected to defer receipt of these shares under the terms of the 2021 Incentive Plan.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of shares by a director could be interpreted slightly positively.

Positives

• The acquisition of shares by a director and significant owner could be seen as a positive signal.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The change in ownership may be of interest to shareholders.

Key Dates