Alkami Technology (ALKT) CFO uses 6,122 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALKAMI TECHNOLOGY, INC. Chief Financial Officer Cassandra Hudson reported a tax-related share disposition. On the vesting and settlement of restricted stock units, 6,122 shares of common stock were withheld by the company to satisfy her tax withholding obligations at a price of $18.95 per share. This was not an open-market sale. After this withholding, she directly owned 280,635 shares of Alkami common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUDSON CASSANDRA
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,122 | $18.95 | $116K |
Holdings After Transaction:
Common Stock — 280,635 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 6,122 shares
Withholding price: $18.95 per share
Shares owned after transaction: 280,635 shares
3 metrics
Shares withheld for taxes
6,122 shares
Tax withholding on RSU vesting, transaction code F
Withholding price
$18.95 per share
Value used for 6,122 withheld common shares
Shares owned after transaction
280,635 shares
Direct Alkami common stock held by CFO after withholding
Key Terms
restricted stock units, tax withholding obligations, transaction code F, Form 4
4 terms
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations"
transaction code F regulatory
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Alkami Technology (ALKT) CFO Cassandra Hudson report in this Form 4?
Alkami CFO Cassandra Hudson reported a tax-related share disposition. 6,122 common shares were withheld by the company to cover tax obligations from restricted stock unit vesting, and she held 280,635 shares directly after the transaction.
Was the Alkami Technology (ALKT) CFO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale. Shares were withheld by Alkami Technology to satisfy Cassandra Hudson’s tax withholding obligations on vesting restricted stock units, a standard administrative process rather than a discretionary sale into the market.
What is the transaction code used in the Alkami Technology (ALKT) CFO Form 4?
The Form 4 uses transaction code F, indicating shares were disposed of to pay exercise price or tax liability. In this case, 6,122 shares were withheld by Alkami Technology to satisfy Chief Financial Officer Cassandra Hudson’s tax obligations on restricted stock units.