How much cash can Alkami Technology (ALKT) now use for share repurchases?

Under the Fifth Amendment, Alkami Technology may use up to $100,000,000 of its cash to repurchase its common stock. This limit is written directly into the amended credit agreement and represents the maximum cash amount permitted for such repurchases under this provision.

Alkami amends credit deal for $100M buybacks

Alkami Technology, Inc. entered into a Fifth Amendment to its Amended and Restated Credit Agreement on May 1, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Alkami Technology, Inc. entered into a Fifth Amendment to its Amended and Restated Credit Agreement on May 1, 2026. The amendment permits the company to use up to $100,000,000 of its cash to repurchase its common stock.

Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, continues as Administrative Agent, with other lenders party to the agreement. Except for this new repurchase flexibility, the remaining terms of the credit agreement remain in full force and effect.

Insights

Alkami gains flexibility to allocate up to $100M cash to share repurchases without altering other loan terms.

The amendment to Alkami’s Amended and Restated Credit Agreement allows use of up to $100,000,000 of cash to repurchase common stock while leaving other credit terms unchanged. This is a targeted change to capital allocation flexibility rather than a broad refinancing.

The lenders, led by Silicon Valley Bank as Administrative Agent, remain in place, suggesting the banking group is comfortable with this added flexibility. Actual impact will depend on how much of the permitted amount Alkami ultimately uses and over what period, which is not detailed in the excerpt.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Cash permitted for share repurchases: $100,000,000

1 metrics

Cash permitted for share repurchases $100,000,000 Maximum cash under Fifth Amendment to Amended and Restated Credit Agreement

Key Terms

Material Definitive Agreement, Amended and Restated Credit Agreement, Administrative Agent, Emerging growth company

4 terms

Material Definitive Agreement regulatory

"Item 1.01. Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Amended and Restated Credit Agreement financial

"Fifth Amendment to the Company’s Amended and Restated Credit Agreement dated as of April 29, 2022"

An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.

Administrative Agent financial

"Silicon Valley Bank ... as Administrative Agent, and the other lenders party thereto."

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Alkami Technology (ALKT) change in its credit agreement?

Alkami Technology entered into a Fifth Amendment to its Amended and Restated Credit Agreement. The change specifically permits the company to use up to $100,000,000 of its cash to repurchase its common stock, while all other agreement terms remain in full force and effect.

Who is the administrative agent on Alkami Technology’s amended credit facility?

The administrative agent under Alkami Technology’s amended credit agreement is Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. It serves as Administrative Agent alongside the several lenders party to the agreement, as described in the Fifth Amendment dated May 1, 2026.

Did Alkami Technology’s other credit agreement terms change with this amendment?

The company states that, except as amended by the Fifth Amendment, the remaining terms of the Amended and Restated Credit Agreement remain in full force and effect. This indicates the change is focused on permitting up to $100,000,000 of cash for stock repurchases.

What exhibit in Alkami Technology’s 8-K contains the full Fifth Amendment?

The full text of the Fifth Amendment to the Amended and Restated Credit Agreement is filed as Exhibit 10.1. The company incorporates this exhibit by reference, making it the primary source for the detailed legal and financial terms of the amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/06/2026 - 04:02 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 1, 2026

ALKAMI TECHNOLOGY, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 001-40321 45-3060776

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)

5601 Granite Parkway, Suite 120, Plano, TX 75024

(Address of Principal Executive Offices) (Zip Code)

(877) 725-5264

Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	ALKT	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On May 1, 2026, Alkami Technology, Inc. (the “Company”) entered into a Fifth Amendment (the “Amendment”) to the Company’s Amended and Restated Credit Agreement dated as of April 29, 2022 (the “Credit Agreement”), with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as Administrative Agent, and the other lenders party thereto.

The Amendment permits the Company to use up to $100,000,000 of its cash to repurchase its common stock. Except as amended by the Amendment, the remaining terms of the Credit Agreement remain in full force and effect. The material terms of the Credit Agreement are described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on May 2, 2022, as amended by that certain First Amendment to Amended and Restated Credit Agreement dated June 27, 2023 (and described in the Company’s Current Report on Form 8-K filed with the SEC on June 28, 2023), that certain Second Amendment to Amended and Restated Credit Agreement dated July 1, 2024 (and described in the Company’s Current Report on Form 8-K/A filed with the SEC on July 3, 2024), that certain Third Amendment to Amended and Restated Credit Agreement dated February 27, 2025 (and described in the Company’s Current Report on Form 8-K filed with the SEC on February 27, 2025), and that certain Fourth Amendment to Amended and Restated Credit Agreement dated April 3, 2026.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.


Exhibit Number						Description
10.1						Fifth Amendment to Amended and Restated Credit Agreement, among Alkami Technology, Inc., as the Borrower, the several Lenders from time to time party thereto and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as Administrative Agent, Issuing Lender and Swingline Lender, dated as of May 1, 2026
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Alkami Technology, Inc.

Date:

May 6, 2026

By:

/s/ Cassandra Hudson

Cassandra Hudson

Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EX-10.1 20.2 KB

Alkami amends credit deal for $100M buybacks

Rhea-AI Filing Summary

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