Alkami Technology (ALKT) director awarded 11,357 RSUs and updates holdings
Rhea-AI Filing Summary
Mitchell Steven R reported acquisition or exercise transactions in this Form 4 filing.
ALKAMI TECHNOLOGY, INC. director Steven R. Mitchell received a grant of 11,357 restricted stock units (RSUs) of common stock. These RSUs vest in full on the earlier of the first anniversary of the grant date or immediately before the Annual Meeting following the grant date, and he elected to defer receipt of the shares under the 2021 Incentive Plan.
After this award, Mitchell directly holds 97,493 shares of common stock. Separately, 2,521,611 shares are held indirectly through ARG Private Equity II, LLC, where he serves as an adviser and may be deemed a beneficial owner, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,357 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units (RSUs) which vest in full on the earlier of (i) the first anniversary of the grant date and (ii) immediately before the Annual Meeting following the grant date. Each RSU represents a contingent right to receive one share of common stock. The reporting person elected to defer receipt of these shares under the terms of the 2021 Incentive Plan. Shares held by ARG Private Equity II, LLC ("APE II"). The Reporting Person, a member of the Issuer's board of directors, serves as an adviser to APE II and may be deemed to have beneficial ownership of the shares held by APE II. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
restricted stock units (RSUs) financial
2021 Incentive Plan financial
beneficial ownership financial
pecuniary interest financial
deferred receipt financial
FAQ
What did Alkami Technology (ALKT) director Steven R. Mitchell report on this Form 4?
He reported receiving a grant of 11,357 restricted stock units (RSUs) of Alkami common stock. These units are a stock-based compensation award and do not involve any open-market purchase or sale of shares.
How and when do Steven R. Mitchell’s new Alkami (ALKT) RSUs vest?
The 11,357 RSUs vest in full on the earlier of the first anniversary of the grant date or immediately before the Annual Meeting following the grant date. Upon vesting, each RSU entitles him to receive one share of common stock.
What is ARG Private Equity II, LLC’s role in Steven R. Mitchell’s Alkami (ALKT) holdings?
ARG Private Equity II, LLC holds 2,521,611 Alkami shares reported as indirect holdings. Mitchell advises this entity and may be deemed a beneficial owner, but he disclaims beneficial ownership beyond his pecuniary interest in those shares.