GA ALN Disposes 13.46M Alignment Healthcare Shares; Post-Sale Holdings Listed
Rhea-AI Filing Summary
General Atlantic (ALN HLTH), L.P. reported an open-market sale of 13,460,000 shares of Alignment Healthcare, Inc. (ALHC) that settled on 09/12/2025 at a net price of $16.01 per share. Following the transaction, GA ALN directly held 30,533,323 shares. The filing reports 30,842,175 shares beneficially owned in total on an indirect basis, which reflects additional shares and restricted stock units held by two individuals for the benefit of General Atlantic Service Company, L.P. The reporting entity is listed as both a director and a 10% owner. The form is signed by Michael Gosk on 09/16/2025.
Positive
- Clear, detailed disclosure of the transaction date, price, and post-transaction holdings
- Ownership chain explained with identification of affiliated entities and disclaimers, aiding transparency
Negative
- Large share sale (13,460,000 shares) represents a sizable disposal that materially reduces direct holdings
- No explanation provided in the filing for the reason behind the open-market sale
Insights
TL;DR: A large open-market block sale by a 10% owner reduced direct holdings but GA remains a substantial shareholder.
The sale of 13.46 million shares at $16.01 is a significant disposal in absolute terms and reduces the reporting person's direct stake while leaving the group with over 30.5 million directly held shares and 30.84 million beneficially held overall. This disclosure is material in size but contains no commentary on intent or plans for remaining holdings. Transaction details are clearly itemized, enabling straightforward calculation of post-sale ownership.
TL;DR: The filing documents a sizable insider sale and clarifies complex indirect ownership through affiliated entities.
The report details the ownership chain linking GA ALN, GA Funds, GA GenPar, GA SPV and GA LP, and disclaims group ownership beyond direct holdings. That level of disclosure supports investor transparency about control and voting relationships, while noting that several principals explicitly disclaim beneficial ownership except for pecuniary interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 13,460,000 | $16.01 | $215.49M |
Footnotes (1)
- The shares of Common Stock were sold by General Atlantic (ALN HLTH), L.P., a Delaware limited partnership ("GA ALN"), pursuant to an open market sale of 13,460,000 shares of Common Stock settled on September 12, 2025 at a net price per share of $16.01. Reflects (i) 30,533,323 shares of Common Stock held directly by GA ALN following the closing of the Transaction and (ii) 135,716 shares of Common Stock and 18,710 restricted stock units held by Nicholas Robbert Vorhoff and 135,716 shares of Common Stock and 18,710 restricted stock units held by David C. Hodgson, in each case for the benefit of General Atlantic Service Company, L.P. ("GASC"). The limited partners of GA ALN are the following investment funds (the "GA Funds"): General Atlantic Partners 95, L.P., a Delaware limited partnership ("GAP 95"), GAP Coinvestments CDA, L.P., a Delaware limited partnership ("GAPCO CDA"), GAP Coinvestments III, LLC, a Delaware limited liability company ("GAPCO III"), GAP Coinvestments IV, LLC, a Delaware limited liability company ("GAPCO IV"), GAP Coinvestments V, LLC, a Delaware limited liability company ("GAPCO V") and GAPCO GmbH & Co. KG, a German partnership ("GAPCO KG"). (Cont'd in FN3) (Cont'd from FN2) General Atlantic GenPar, L.P., a Delaware limited partnership ("GA GenPar"), is the general partner of GAP 95. General Atlantic (SPV) GP, LLC, a Delaware limited liability company ("GA SPV"), is the general partner of GA ALN. General Atlantic, L.P., a Delaware limited partnership ("GA LP") is the general partner of GA GenPar and GAPCO CDA, the managing member of GAPCO III, GAPCO IV and GAPCO V, and the sole member of GA SPV. GA LP is controlled by the Partnership Committee of GASC MGP, LLC (the "Partnership Committee"). GAPCO Management GmbH, a German company ("GAPCO Management"), is the general partner of GAPCO KG. The Partnership Committee also controls GASC as well as the investment and voting decisions of GAPCO Management. There are six members of the Partnership Committee. Each of the members of the Partnership Committee disclaims ownership of the shares except to the extent he has a pecuniary interest therein.
