General Atlantic and Funds Indirectly Own 10.64M ALKT Shares
Rhea-AI Filing Summary
General Atlantic and affiliated funds reported beneficial ownership of 10,637,274 shares of Alkami Technology, Inc. common stock, held indirectly. The total comprises 9,645,318 shares held by GA AL, 950,000 held by GA AL Holding, plus 34,731 shares and 7,225 restricted stock units held by an employee for the benefit of GASC. Multiple GA funds share ownership and the filing notes the entities may be deemed a group.
Positive
- Material position disclosed: Reported beneficial ownership of 10,637,274 ALKT shares, exceeding the 10% threshold.
- Detailed allocation: Filing provides a clear breakdown across GA AL (9,645,318), GA AL Holding (950,000) and employee-held shares/RSUs (34,731 shares and 7,225 RSUs).
Negative
- Complex ownership structure: Multiple funds and entities share beneficial ownership, which can complicate determination of ultimate beneficial owners.
- Group language: The filing states the entities "may be deemed" a group, introducing potential regulatory or coordination considerations among affiliated reporting persons.
Insights
TL;DR: General Atlantic discloses a >10% indirect stake of 10.64M ALKT shares across multiple funds.
The Form 3 reports consolidated beneficial ownership of 10,637,274 ALKT shares held indirectly across several General Atlantic entities, with a clear breakdown between GA AL, GA AL Holding and employee-held shares/RSUs. This satisfies Section 16 disclosure requirements and signals a sizable institutional position; the filing's group and disclaimer language clarifies the layered fund structure and shared beneficial ownership.
TL;DR: Filing shows complex multi-entity ownership with group language and director-by-deputization disclosures.
The report names multiple reporting entities and identifies each as a director-by-deputization solely for Section 16 purposes while disclaiming broader beneficial ownership beyond direct holdings. The explicit footnote breakdown and the statement that entities "may be deemed to be members of a 'group'" are material governance disclosures that clarify potential attribution of voting or dispositive power among affiliated funds.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.001 per share ("Common Stock") | -- | -- | -- |
Footnotes (1)
- Consists of (a) 9,645,318 shares held by General Atlantic (AL), L.P ("GA AL"), (b) 950,000 shares held by General Atlantic Partners (Bermuda) T, L.P. ("GA AL Holding") and (c) 34,731 shares and 7,225 restricted stock units held by Raphael Osnoss, who is an employee of General Atlantic Service Company, L.P. ("GASC"), solely for the benefit of GASC. The following investment funds share beneficial ownership of the common shares held of record by GA AL and GA AL Holding: General Atlantic Partners (Bermuda) EU, L.P. ("GAP Bermuda EU"), General Atlantic Partners (Lux) SCSp ("GAP Lux"), GAP Coinvestments III, LLC ("GAPCO III"), GAP Coinvestments IV, LLC ("GAPCO IV"), GAP Coinvestments V, LLC ("GAPCO V") and GAP Coinvestments CDA, L.P. ("GAPCO CDA"). The following investment funds also share beneficial ownership of the common shares held of record by GA AL: General Atlantic Partners 100, L.P. ("GAP 100"). (Cont'd in FN2) (Cont'd from FN1) The following investment funds also share beneficial ownership of the common shares held of record by GA AL Holding: General Atlantic Partners (Bermuda) IV, L.P. ("GAP Bermuda IV"). GAP 100, GAP Bermuda EU, GAP Lux are collectively referred to as the "GA Funds." GAPCO III, GAPCO IV, GAPCO V and GAPCO CDA are collectively referred to as the "Sponsor Coinvestment Funds." The general partner of GA AL is General Atlantic (SPV) GP, LLC ("GA SPV"). The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp ("GA GenPar Lux"), and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a r.l. ("GA Lux"). The general partner of GA AL Holding is General Atlantic (SPV) GP (Bermuda), LLC ("GA SPV Bermuda"). The general partner of GAP Bermuda EU, the general partner of GAP Bermuda IV, the sole member of GA SPV Bermuda and the sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda"). (Cont'd in FN3) (Cont'd from FN2) General Atlantic, L.P. ("GA LP"), which is controlled by the Partnership Committee of GASC MGP, LLC (the "GA Partnership Committee"), is the managing member of GAPCO III, GAPCO IV, and GAPCO V, the general partner of GAPCO CDA, and is the sole member of GA SPV. GAP (Bermuda) LP. ("GAP Bermuda"), which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda. The general partner of GAP 100 is GA GenPar, and the general partner of GA GenPar is GA LP. There are six members of the GA Partnership Committee. Each of the members of the GA Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein.