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

Rhea-AI Filing Summary

Alkami Technology, Inc. (ALKT) – Form 4 insider transaction

Director Steven R. Mitchell reported the acquisition of 301 shares of common stock on 07/05/2025. The shares were deferred under the company’s 2021 Incentive Award Plan; therefore, no cash consideration was paid (reported price $0). Following the transaction, Mitchell’s direct holdings increase to 84,869 shares.

In addition, the filing reiterates an indirect ownership of 2,521,611 shares held by Arg Private Equity II, LLC (APE II), for which Mitchell serves as adviser. He disclaims beneficial ownership except for his pecuniary interest.

The filing involves no derivative securities, options, or sales, and does not alter executive roles. The purchase size is de-minimis relative to both Mitchell’s existing stake and Alkami’s ~124 million shares outstanding, suggesting limited market impact but indicates ongoing board-level alignment with shareholders.

Positive

• Insider alignment: Director Steven R. Mitchell increased his direct holdings, signalling continued commitment to ALKT.
• No insider selling: The filing shows only acquisitions, with zero dispositions reported.

Negative

• Immaterial size: The 301-share addition is too small to materially influence ownership percentages or market perception.

Insights

Financial Analyst

TL;DR: Tiny director purchase (301 shares) under deferred plan; ownership now 84,869 direct, 2.5 M indirect—signal positive, impact immaterial.

The Form 4 records a routine deferral-based share issuance, not an open-market buy. While insider purchases can imply confidence, the quantity—worth roughly $4 k at a $13 share price—is negligible versus Mitchell’s existing stake and Alkami’s float. No sales occurred, so the direction is modestly constructive, but the lack of cash consideration and the automatic nature under the 2021 Incentive Plan reduce signalling power. Investors should view the event as neutral to mildly positive; it neither changes governance dynamics nor earnings outlook.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Mitchell Steven R

(Last) (First) (Middle)

C/O ARGONAUT PRIVATE EQUITY

7030 S. YALE AVE., STE. 810

(Street)

TULSA OK 74136

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

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2025

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

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

X	Form filed by One Reporting Person
	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	07/05/2025		A		301(1)	A	$0	84,869	D
Common Stock								2,521,611	I	See footnote(2)

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

Explanation of Responses:

1. The reporting person elected to defer receipt of these shares under the terms of the 2021 Incentive Award Plan.

2. 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.

Remarks:

	/s/ Douglas A. Linebarger, as Attorney-in-Fact for Steven R. Mitchell	07/08/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ALKT shares did director Steven R. Mitchell acquire?

He acquired 301 shares of common stock on 07/05/2025.

What is Steven R. Mitchell's total direct ownership in ALKT after the transaction?

His direct holdings total 84,869 shares.

Does the Form 4 disclose any insider sales of Alkami Technology stock?

No. The filing reports only acquisitions; no dispositions were recorded.

How many ALKT shares are held indirectly through Arg Private Equity II?

Arg Private Equity II holds 2,521,611 shares, which Mitchell may be deemed to beneficially own.

Was cash paid for the newly acquired shares?

No. The shares were deferred under the 2021 Incentive Award Plan and are reported at a price of $0.

Does this transaction affect Alkami Technology's earnings or operations?

The filing is an ownership disclosure only and does not impact earnings or operations.