Alight (NYSE: ALIT) sees Starboard Value report zero ownership in updated 13D

Rhea-AI Filing Summary

Alight, Inc. received an amended Schedule 13D (Amendment No. 4) from activist investor Starboard and its related funds stating that they no longer beneficially own any shares of Alight’s Class A common stock. Each reporting person, including multiple Starboard funds and principals Jeffrey C. Smith and Peter A. Feld, now reports 0 shares beneficially owned and 0% of the class, with no voting or dispositive power.

The filing notes that, as of December 3, 2025, the group ceased to beneficially own more than 5% of Alight’s outstanding shares, meaning Starboard is no longer a significant shareholder under SEC disclosure rules. Recent transactions in Alight securities over the prior 60 days are referenced in an attached exhibit listing trades executed primarily in the open market.

Insights

Equity ownership & activism analyst

Starboard and affiliates disclose a full exit from Alight equity.

The amendment shows that Starboard’s funds and principals now report zero beneficial ownership and zero voting or dispositive power over Alight Class A common stock. This marks the end of their status as a more than 5% shareholder, which is why the updated Schedule 13D was required.

The group states that, as of December 3, 2025, they ceased to beneficially own more than 5% of Alight’s outstanding shares. An exhibit, not detailed here, lists their trades in the prior 60 days, largely through open-market transactions. The filing is primarily informational, documenting that an activist-oriented holder no longer has a reportable stake, without addressing Alight’s operations or financial performance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Alight, Inc. / Delaware

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

01626W101

(CUSIP Number)

JEFFREY C. SMITH
STARBOARD VALUE LP, 777 Third Avenue, 18th Floor
New York, NY, 10017
212-845-7977

ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

MEAGAN REDA, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/03/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

STARBOARD VALUE & OPPORTUNITY S LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value & Opportunity C LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value R LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value & Opportunity Master Fund L LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value L LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value R GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard X Master Fund Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Value GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Principal Co LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Starboard Principal Co GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Smith Jeffrey C

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 01626W101

1

Name of reporting person

Feld Peter A

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Alight, Inc. / Delaware
(c)	Address of Issuer's Principal Executive Offices: 4 OVERLOOK POINT, LINCOLNSHIRE, ILLINOIS , 60069.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Reporting Persons no longer beneficially own any securities of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: The Reporting Persons no longer beneficially own any securities of the Issuer.
(b)	Item 5(b) is hereby amended and restated as follows: The Reporting Persons no longer beneficially own any securities of the Issuer.
(c)	Item 5(c) is hereby amended and restated as follows: Information concerning transactions in the securities of the Issuer effected by the Reporting Persons during the past sixty days is set forth in Exhibit 1 attached hereto and is incorporated herein by reference. Except as otherwise noted, all of the transactions in the securities of the Issuer listed hereto were effected in the open market through various brokerage entities.
(e)	Item 5(e) is hereby amended and restated to read as follows: As of December 3, 2025, the Reporting Persons ceased to beneficially own more than 5% of the outstanding Shares of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	1 - Transactions in Securities

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Starboard Value LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value GP LLC, its general partner
Date:	12/05/2025

STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value LP, its investment manager
Date:	12/05/2025

STARBOARD VALUE & OPPORTUNITY S LLC

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value LP, its manager
Date:	12/05/2025

Starboard Value & Opportunity C LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value R LP, its general partner
Date:	12/05/2025

Starboard Value R LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value R GP LLC, its general partner
Date:	12/05/2025

Starboard Value & Opportunity Master Fund L LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value L LP, its general partner
Date:	12/05/2025

Starboard Value L LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value R GP LLC, its general partner
Date:	12/05/2025

Starboard Value R GP LLC

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory
Date:	12/05/2025

Starboard X Master Fund Ltd

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Value LP, its investment manager
Date:	12/05/2025

Starboard Value GP LLC

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Principal Co LP, its member
Date:	12/05/2025

Starboard Principal Co LP

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory of Starboard Principal Co GP LLC, its general partner
Date:	12/05/2025

Starboard Principal Co GP LLC

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Authorized Signatory
Date:	12/05/2025

Smith Jeffrey C

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith
Date:	12/05/2025

Feld Peter A

Signature:	/s/ Jeffrey C. Smith
Name/Title:	Jeffrey C. Smith, Attorney-in-Fact for Peter A. Feld
Date:	12/05/2025

FAQ

What did Starboard disclose about its ownership in Alight (ALIT)?

Starboard and its related entities disclosed in an amended Schedule 13D that they no longer beneficially own any securities of Alight, Inc. and report zero shares and zero percent of the Class A common stock.

Does Starboard still hold any voting power in Alight (ALIT)?

No. Each reporting person listed, including multiple Starboard funds and individuals, reports 0 shares with sole or shared voting and dispositive power, indicating no remaining voting authority over Alight shares.

When did Starboard fall below 5% ownership of Alight (ALIT)?

The filing states that, as of December 3, 2025, the reporting persons ceased to beneficially own more than 5% of Alight’s outstanding Class A common stock.

Which class of Alight stock is covered in this Schedule 13D/A?

The disclosure relates to Alight, Inc.’s Class A common stock, with a par value of $0.0001 per share.

Who are the main reporting persons in this Alight (ALIT) Schedule 13D/A?

Reporting persons include Starboard Value LP, several affiliated Starboard funds and entities, and individuals Jeffrey C. Smith and Peter A. Feld, each now reporting zero beneficial ownership.

Where are Starboard’s recent Alight (ALIT) transactions disclosed?

The amendment notes that information on transactions in Alight securities during the past sixty days is set forth in Exhibit 1 – Transactions in Securities, with trades largely executed in the open market.