Alight Inc SEC Filings

Alight, Inc. reported a steep quarterly loss driven by goodwill impairments. Q3 revenue was $533 million versus $555 million a year ago. Operating loss from continuing operations was $1,322 million, reflecting a non‑cash goodwill impairment of $1,338 million. Net loss attributable to Alight was $1,067 million, or $2.02 per share. Year‑to‑date, goodwill impairments total $2,321 million.

Cash and cash equivalents were $205 million at quarter‑end. Cash provided by operating activities was $236 million for the nine months ended September 30, 2025. Total debt, net, was $2,010 million after repricing term loans in January 2025 to SOFR + 1.75%. Stockholders’ equity declined to $2,004 million from $4,313 million at December 31, 2024, primarily due to impairments. As of October 30, 2025, shares outstanding were 522,778,829 Class A, 4,955,297 Class B‑1, 4,955,297 Class B‑2, and 510,115 Class V.

Alight, Inc. (ALIT) reported two updates. The company furnished a press release announcing financial results for the third quarter ended September 30, 2025. It also disclosed that the Board approved, subject to stockholder approval, a plan to declassify the Board and will ask stockholders to vote on a phased declassification proposal at the 2026 annual meeting.

The Q3 results and governance update were shared via press releases furnished as Exhibits 99.1 and 99.2. Declassifying the Board would transition directors to stand for election more frequently, aligning elections over time with a single annual term structure if approved. The filing notes these materials are furnished, not filed, under Items 2.02 and 7.01.

Alight, Inc. (ALIT) filed an initial statement of beneficial ownership (Form 3) for its Chief Commercial Officer. The filing reports ownership of 4,256 shares of Class A Common Stock, held directly. The date of the event requiring the statement is 10/08/2025. No derivative securities are listed.

William P. Foley II, an Alight, Inc. (ALIT) director, received a quarterly equity award of 5,463 Class A shares on 09/30/2025 elected in lieu of a cash retainer of $17,812. The award was calculated using the issuer's closing share price of $3.26 on that date. After the grant, the filing shows 941,411 shares reported as beneficially owned that include restricted stock units scheduled to vest. The filing also discloses substantial indirect holdings: a total of 6,833,304 Class A shares held directly by affiliated entities (Trasimene Capital FT, LLC and Bilcar FT, LP), of which the reporting person may be deemed to have a pecuniary interest. The filing includes the standard disclaimer that the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Alight, Inc. insider Lenore D. Williams, a director, acquired 8,435 shares of Class A common stock on 09/30/2025 by electing to receive her quarterly board cash retainer in stock rather than cash. The shares were issued under the Alight, Inc. 2021 Omnibus Incentive Plan and were calculated using the issuers closing price of $3.26 on that date. Following the transaction, Ms. Williams is reported to beneficially own 106,596 shares, which the filing notes include restricted stock units scheduled to vest in the future. The Form 4 was signed by counsel as attorney-in-fact on 10/02/2025.

Russell P. Fradin, a director of Alight, Inc. (ALIT), reported a transaction on a Form 4 related to his board compensation. On 09/30/2025 he elected to receive a quarterly board retainer in the form of stock rather than cash, resulting in the acquisition of 15,337 shares of Class A common stock at a closing price of $3.26 per share (the closing price on that date). The award was the cash-equivalent of a $50,000 quarterly retainer divided by the closing price and rounded down to whole shares. Following the transaction, Mr. Fradin beneficially owns 175,328 shares, which includes restricted stock units scheduled to vest in the future. The Form 4 was signed by an attorney-in-fact and filed with the SEC.

Filing type: Form 4 reporting changes in beneficial ownership for Alight, Inc. (ALIT) by reporting person Felli Martin, an officer.

On 09/03/2025 the reporting person had 4,417 shares withheld to satisfy tax withholding arising from the vesting of previously reported restricted stock units. Those withheld shares were relinquished and cancelled by the reporting person in exchange for the issuer agreeing to pay the related federal and state tax withholding obligations. After the transaction the reporting person beneficially owned 218,611 shares (direct), which includes restricted stock units scheduled to vest in the future. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/04/2025.

Alight, Inc. Form 4 summary: The report shows that Deepika Duggirala, Chief Technology Officer of Alight, Inc. (ALIT), had 3,533 shares of Class A common stock withheld and surrendered on 08/15/2025 to cover tax withholding arising from vesting of previously reported restricted stock units; those shares were cancelled in exchange for the company agreeing to pay the reporting person’s federal and state tax withholding. After this transaction, the reporting person beneficially owns 276,712 shares, which includes restricted stock units scheduled to vest in the future. The Form 4 was signed by an attorney-in-fact on 08/19/2025.

Alight, Inc. (ALIT) reporting person Donna Dorsey, Chief Human Resources Officer, acquired 519,125 restricted stock units (RSUs) on 08/15/2025. The RSUs were reported with a $0 price and are scheduled to vest in approximately three equal installments on August 15, 2026, August 15, 2027, and August 15, 2028. The Form 4 shows 519,125 shares beneficially owned following the transaction and lists ownership as direct. The filing was signed on behalf of the reporting person by an attorney-in-fact, John A. Mikowski, on 08/18/2025. The document contains an explanation that the reported amount represents RSUs scheduled to vest in future periods.