Alkami Technology, Inc. SEC Filings

ALKAMI TECHNOLOGY, INC. received significant insider interest as investment entities affiliated with General Atlantic reported open-market purchases of common stock. GA AL Holding II, L.P., a Bermuda limited partnership, acquired 842,266 shares on March 9, 2026 at a weighted average price of $17.35, 1,103,749 shares on March 10, 2026 at $17.56, and 900,000 shares on March 11, 2026 at $18.41.

Across the three days, the reporting group bought a total of 2,846,015 Alkami common shares in open-market transactions, all held indirectly. Following these purchases, entities associated with the reporting persons collectively held 14,879,451 shares of Alkami common stock through several General Atlantic funds and related vehicles, according to the ownership breakdown in the footnotes.

ALKAMI TECHNOLOGY, INC. reported a Form 4 showing that investment entities affiliated with General Atlantic increased their indirect stake through open-market purchases of common stock. GA AL Holding II, L.P. acquired a total of 2,846,015 shares over three days at weighted average prices between $17.35 and $18.41 per share. Following these transactions, the reporting group indirectly holds 14,879,451 shares of Alkami common stock. The filing explains that these shares are held across multiple related General Atlantic funds and coinvestment vehicles that share beneficial ownership.

General Atlantic–affiliated investment funds report beneficial ownership of 14,879,451 shares of Alkami Technology common stock, representing 14.0% of the class. The percentage is based on 106,148,144 shares outstanding as of February 20, 2026, as disclosed in Alkami’s Form 10-K.

The group holds its position through a complex structure of Delaware, Bermuda and Luxembourg entities formed to acquire, hold and dispose of investments. Members describe the stake as being for investment purposes and indicate they may increase, reduce or hedge their holdings over time through open-market trades, block trades or derivatives.

Certain entities entered into margin loan agreements in October 2025 with Morgan Stanley affiliates, borrowing $12,705,332.68 and $38,294,667.32 secured by 2,346,162 and 7,071,479 pledged Alkami shares, respectively, maturing around October 16, 2028. Lenders may require prepayment, additional collateral, or foreclose on pledged shares if customary events occur.

Alkami Technology, Inc. Chief Executive Officer Alex Shootman reported an open-market sale of 10,876 shares of common stock at $16.59 per share. According to the footnote, this sale was executed solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units under a "sell to cover" arrangement, and is described as non-discretionary. After the transaction, Shootman directly holds 1,210,974 shares of Alkami common stock, so the sale represents only a small portion of his overall equity position.

Shootman Alex reported acquisition or exercise transactions in this Form 4 filing.

ALKAMI TECHNOLOGY, INC. Chief Executive Officer Alex Shootman reported two equity awards of common stock in the form of restricted stock units (RSUs). One grant covers 211,609 RSUs that vest in 16 quarterly installments starting on March 1, 2026, with each RSU convertable into one share of common stock upon vesting. A second grant covers 211,608 RSUs that vest in four equal annual installments beginning on March 1, 2027, and the underlying shares are subject to transfer restrictions for one year after each vesting date. Following these awards, his reported direct holdings in common stock increased, reflecting additional equity-based compensation rather than open-market purchases.

Alkami Technology chief legal officer Douglas A. Linebarger reported equity awards and a small tax-related share sale. On March 4, 2026, he acquired 66,506 and 66,505 shares of common stock at $0.00 per share as restricted stock unit (RSU) awards.

One RSU grant vests in 16 quarterly installments starting March 1, 2026, and the other vests in four annual installments beginning March 1, 2027, with a one-year transfer restriction after each vest. On March 2, 2026, he sold 5,518 shares at $16.90 per share to cover tax withholding obligations from RSU vesting under a sell-to-cover arrangement, described as non-discretionary.

Alkami Technology Chief Accounting Officer Prerna Sachdeva reported both a stock award and a related share sale. On March 1, 2026, she received 24,184 restricted stock units that vest in 16 quarterly installments, with each RSU convertible into one share of common stock.

On March 2, 2026, she sold 1,352 common shares at $16.90 per share. According to the disclosure, this sale was made solely to cover tax withholding obligations through a “sell to cover” transaction and is described as not being a discretionary trade.

ALKAMI TECHNOLOGY, INC. Chief Financial Officer Cassandra Hudson reported an open-market sale of 6,869 shares of common stock at $16.90 per share on March 2, 2026. According to the filing, this sale was executed solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units through a “sell to cover” transaction, and is described as not being a discretionary trade by the executive. Following this tax-related sale, Hudson directly holds 286,757 shares of Alkami common stock.

Alkami Technology describes a fast-growing but still loss-making cloud-based digital banking platform business serving community, regional and super‑regional financial institutions in the United States.

For 2025, total revenues reached $443.6 million, up 32.9% from 2024, driven by its subscription-based Alkami Digital Sales & Service Platform. SaaS subscription services contributed about 95% of revenues, underscoring a recurring, software-as-a-service model. The company still incurred a net loss of $47.7 million, reflecting continued heavy investment in sales, marketing, product development and client support.

Alkami reports 22.4 million live registered users and 301 digital banking platform financial institution clients as of December 31, 2025. Existing digital banking clients expanded their spending, with annual recurring revenue from this base rising to 115% of the prior year. Management outlines growth strategies focused on cross-selling its 36 products, winning new institutions, investing roughly a quarter of revenues in research and development, and selective acquisitions such as MANTL and Segmint.