ALKT Form 4: GA Adds 1.396M Shares at $20.65–$22.54 Aug 11–13, 2025
Rhea-AI Filing Summary
General Atlantic-affiliated investment vehicles reported a sequence of open-market purchases of Alkami Technology (ALKT) common stock between August 11 and August 13, 2025. The group acquired a total of 1,396,162 shares across five transactions at net prices ranging from $20.647 to $22.5388. These purchases increased the reporting group's combined beneficial ownership to 12,033,436 shares.
The filings identify multiple General Atlantic entities as reporting persons, each marked as a director and a 10% owner for Section 16 purposes, and include descriptive footnotes explaining the ownership structure and group relationships. No derivative securities were reported on this Form 4.
Positive
- Substantial purchases totaling 1,396,162 shares across five open-market transactions
- Beneficial ownership increased to 12,033,436 shares, showing a material rise in the group's stake
- Price range disclosed ($20.647 to $22.5388), allowing clear cost basis visibility
- Detailed ownership footnotes explain relationships among General Atlantic entities and funds
Negative
- None.
Insights
TL;DR: Large open-market buys by a >10% owner; stake rose to 12.03M shares, a material increase in beneficial ownership.
The report documents five open-market purchases totaling 1,396,162 ALKT shares executed Aug 11–13, 2025, at prices between $20.647 and $22.5388. After these acquisitions the group beneficially owns 12,033,436 shares. For investors, a substantial block purchase by a >10% owner is a notable change in ownership concentration and could affect float and voting dynamics. The filings are explicit about which General Atlantic entities executed the purchases and the resulting ownership totals.
TL;DR: Multiple affiliated reporting persons disclosed coordinated purchases with detailed ownership footnotes and standard group disclaimers.
The Form 4 includes comprehensive footnotes describing the interrelated General Atlantic entities, the funds that share beneficial ownership, and the Partnership Committee structure. The remarks state that the entities "may be deemed to be members of a 'group'" while disclaiming ownership beyond directly held shares. Signatures from reporting officers are present and dated 08/13/2025. The filing is procedurally complete and clarifies indirect ownership paths that matter for governance and voting identification.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100,000 | $22.3098 | $2.23M |
| Purchase | Common Stock | 129,391 | $22.5388 | $2.92M |
| Purchase | Common Stock | 516,771 | $21.4575 | $11.09M |
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 250,000 | $20.647 | $5.16M |
| Purchase | Common Stock | 400,000 | $20.7268 | $8.29M |
Footnotes (1)
- The shares of Common Stock were acquired by General Atlantic Partners (Bermuda) T, L.P., a Bermuda limited partnership ("GA AL Holding "), pursuant to an open market purchase of 250,000 shares on August 11, 2025 at a net price per share of $20.647. The shares of Common Stock were acquired by GA AL Holding, pursuant to an open market purchase of 400,000 shares on August 11, 2025 at a net price per share of $20.7268. The shares of Common Stock were acquired by GA AL Holding, pursuant to an open market purchase of 516,771 shares on August 12, 2025 at a net price per share of $21.4575. The shares of Common Stock were acquired by GA AL Holding, pursuant to an open market purchase of 100,000 shares on August 13, 2025 at a net price per share of $22.3098. The shares of Common Stock were acquired by GA AL Holding, pursuant to an open market purchase of 129,391 shares on August 13, 2025 at a net price per share of $22.5388. Consists of (a) 9,645,318 shares held by General Atlantic (AL), L.P ("GA AL"), (b) 2,346,162 shares held by 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 FN7) (Cont'd from FN6) 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) (Bermuda) GP, 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 FN8) (Cont'd from FN7) 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.