[Form 4] Alkami Technology, Inc. Insider Trading Activity

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

Financial Analyst

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.

Corporate Governance Expert

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GENERAL ATLANTIC GENPAR (BERMUDA), L.P.

(Last) (First) (Middle)

C/O CONYERS CLIENT SERVICES LIMITED,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALKAMI TECHNOLOGY, INC. [ ALKT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share ("Common Stock")	08/11/2025		P(1)		250,000	A	$20.647	10,887,274	I	See footnote(6)(7)(8)
Common Stock	08/11/2025		P(2)		400,000	A	$20.7268	11,287,274	I	See footnote(6)(7)(8)
Common Stock	08/12/2025		P(3)		516,771	A	$21.4575	11,804,045	I	See footnote(6)(7)(8)
Common Stock	08/13/2025		P(4)		100,000	A	$22.3098	11,904,045	I	See footnote(6)(7)(8)
Common Stock	08/13/2025		P(5)		129,391	A	$22.5388	12,033,436	I	See footnote(6)(7)(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

GENERAL ATLANTIC GENPAR (BERMUDA), L.P.

(Last) (First) (Middle)

C/O CONYERS CLIENT SERVICES LIMITED,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GAP (Bermuda) L.P.

(Last) (First) (Middle)

C/O CONYERS CLIENT SERVICES LIMITED,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GAP Coinvestments CDA, L.P.

(Last) (First) (Middle)

C/O GENERAL ATLANTIC SERVICE CO., L.P.

55 EAST 52ND STREET, 33RD FLOOR

(Street)

NEW YORK NY 10055

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

General Atlantic (AL), L.P.

(Last) (First) (Middle)

C/O GENERAL ATLANTIC SERVICE CO., L.P.

55 EAST 52ND STREET, 33RD FLOOR

(Street)

NEW YORK NY 10055

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

General Atlantic (SPV) GP, LLC

(Last) (First) (Middle)

C/O GENERAL ATLANTIC SERVICE CO., L.P.

55 EAST 52ND STREET, 33RD FLOOR

(Street)

NEW YORK NY 10055

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

General Atlantic Partners (Bermuda) T, L.P.

(Last) (First) (Middle)

C/O CONYERS CORP SERVICES (BERMUDA) LTD,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

General Atlantic Partners (Bermuda) IV, L.P.

(Last) (First) (Middle)

C/O CONYERS CLIENT SERVICES LIMITED,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

General Atlantic (SPV) GP (Bermuda), LLC

(Last) (First) (Middle)

C/O CONYERS CLIENT SERVICES LIMITED,

CLARENDON HOUSE, 2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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)

7. (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)

8. (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.

Remarks:

GA LP, GA SPV, GA AL, GA GenPar, GA GenPar Lux, GA Lux, GenPar Bermuda, GAP (Bermuda), the GA Funds, GA AL Holding and the Sponsor Coinvestment Funds may be deemed to be members of a "group" for the purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person. Each of the reporting persons is a director-by-deputization solely for purposes of Section 16 of the Exchange Act. // Form 2 of 2

	/s/ Michael Gosk	08/13/2025
	/s/ Michael Gosk	08/13/2025
	/s/ Michael Gosk	08/13/2025
	/s/ Michael Gosk	08/13/2025
	/s/ Michael Gosk	08/13/2025
	/s/ Ingrid van der Hoorn	08/13/2025
	/s/ Ingrid van der Hoorn	08/13/2025
	/s/ Ingrid van der Hoorn	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transactions did General Atlantic report for ALKT in the Form 4?

The Form 4 reports five open-market purchases of ALKT shares on Aug 11–13, 2025, totaling 1,396,162 shares.

How did the reported purchases change General Atlantic's beneficial ownership of ALKT?

The reported transactions increased the group's combined beneficial ownership to 12,033,436 shares following the trades.

At what prices were the ALKT shares purchased?

Net purchase prices disclosed range from $20.647 to $22.5388 per share across the five transactions.

Which entities reported the transactions and what is their relationship to ALKT?

Multiple General Atlantic entities (e.g., General Atlantic (AL), L.P., GA AL Holding, GAP Coinvestments) are listed as reporting persons and marked as Director and 10% Owner for Section 16 purposes.

Were any derivative securities reported in this filing?

No. Table II for derivative securities is empty in the provided Form 4 content.

When was the Form 4 signed and by whom?

The filing includes signatures by Michael Gosk and Ingrid van der Hoorn, dated 08/13/2025.