Alkami (ALKT) Chief Legal Officer executes sell-to-cover for RSU taxes

Rhea-AI Filing Summary

Douglas A. Linebarger, Chief Legal Officer of Alkami Technology, Inc. (ALKT), reported a non-discretionary sale of 8,242 shares of common stock on 09/02/2025 at a price of $24.76 per share. The filing states the shares were sold to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs) and were executed as a "sell to cover" rather than a voluntary trade. After the transaction the reporting person beneficially owned 229,930 shares directly. The Form 4 was signed on 09/04/2025 and was filed by one reporting person.

Positive

• Sale explicitly identified as "sell to cover", indicating it was for tax withholding rather than discretionary disposal
• Reporting person retains substantial direct ownership of 229,930 shares after the transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine sell-to-cover for RSU tax withholding; no indication of discretionary insider selling.

This Form 4 documents a standard tax-related disposition by a senior officer. The filing explicitly says the sale was to cover tax withholding from RSU vesting and "does not represent a discretionary transaction." Such transactions are common following equity vesting and typically do not signal management-driven stock liquidation. The reporting person retains substantial ownership at 229,930 shares, which aligns with continued insider alignment with shareholders.

Securities Analyst

TL;DR: Small, non-discretionary sale; limited investor impact given retained holdings.

The transaction involved 8,242 shares sold at $24.76 to satisfy withholding obligations. Relative to the post-transaction holding of 229,930 shares, the sale represents a small portion of the reporting person’s direct ownership. The explicit characterization as a "sell to cover" limits its interpretive weight for market signaling or insider sentiment.

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

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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^*

Linebarger Douglas A.

(Last) (First) (Middle)

C/O ALKAMI TECHNOLOGY, INC.

5601 GRANITE PARKWAY, SUITE 120

(Street)

PLANO TX 75024

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		F		8,242(1)	D	$24.76	229,930	D

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 sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

Remarks:

	/s/ Douglas A. Linebarger	09/04/2025
	** 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

What did Douglas A. Linebarger report on Form 4 for ALKT?

The Form 4 reports a sale of 8,242 shares on 09/02/2025 at $24.76 per share to satisfy tax withholding from RSU vesting.

Was the insider sale discretionary or routine for ALKT (Form 4)?

The filing states the sale was a sell to cover to meet tax withholding obligations and did not represent a discretionary transaction by the reporting person.

How many ALKT shares does the reporting person own after the transaction?

After the reported sale the reporting person beneficially owned 229,930 shares directly.

What is the reporting person’s role at Alkami Technology (ALKT)?

The reporting person, Douglas A. Linebarger, is listed as a Director and Chief Legal Officer of Alkami Technology, Inc.

When was the Form 4 signed for the ALKT transaction?

The Form 4 bears the reporting person’s signature dated 09/04/2025.