Alkami Technology (ALKT) stake at 16.3% as General Atlantic updates 13D

Rhea-AI Filing Summary

General Atlantic-affiliated investment funds have amended their Schedule 13D for Alkami Technology, Inc. They report beneficial ownership of 17,445,994 shares of Alkami common stock, representing 16.3% of 107,019,174 shares outstanding as of March 31, 2026.

The group, made up of multiple General Atlantic and co-investment vehicles, holds all voting and dispositive power on a shared basis and acquired the position for investment purposes. They may buy or sell additional shares, engage with Alkami’s management and board on strategy and governance matters, and may use derivatives. Alkami’s board granted the group a waiver from Section 203 of the Delaware General Corporation Law for purchases up to a 19.9% beneficial ownership level. A director, Raphael Osnoss, also holds 34,731 common shares and 7,225 restricted stock units for the benefit of a General Atlantic service entity.

Insights

Institutional ownership & governance analyst

General Atlantic reports a sizable 16.3% stake in Alkami with room to increase.

General Atlantic and related funds disclose beneficial ownership of 17,445,994 Alkami common shares, or 16.3% of the 107,019,174 shares outstanding as of March 31, 2026. The stake is held through a complex group of U.S., Bermuda and Luxembourg entities.

The filing states the position is for investment purposes, but allows for communications with other shareholders, management and the board about strategy, capital structure and governance. The board granted a waiver of Section 203 of the Delaware General Corporation Law up to 19.9% ownership, giving flexibility to increase the stake.

For investors, this highlights a significant, coordinated shareholder with shared voting and dispositive power. Future company filings or ownership updates will show whether the group moves closer to the 19.9% cap or changes its engagement stance.

Key Figures

Beneficial ownership shares: 17,445,994 shares Ownership percentage: 16.3% Shares outstanding: 107,019,174 shares +5 more

8 metrics

Beneficial ownership shares 17,445,994 shares Alkami common stock beneficially owned by General Atlantic group

Ownership percentage 16.3% Portion of Alkami common stock class held by Reporting Persons

Shares outstanding 107,019,174 shares Alkami common stock outstanding as of March 31, 2026

Section 203 waiver cap 19.9% beneficial ownership Maximum ownership level approved by Alkami’s board for the group

GA AL SPV stake 7,071,479 shares (6.6%) Beneficially owned by GENERAL ATLANTIC (AL) SPV, L.P.

GAP Bermuda IV stake 7,758,720 shares (7.2%) Beneficially owned by General Atlantic Partners (Bermuda) IV, L.P.

GAP Coinvestments PE stake 5,412,558 shares (5.1%) Beneficially owned by GAP Coinvestments PE, L.P.

Director-held securities for GASC 34,731 shares + 7,225 RSUs Held by director Raphael Osnoss for benefit of General Atlantic Service Company

Key Terms

Schedule 13D, beneficial ownership, Section 203 of the Delaware General Corporation Law, alternative investment fund manager, +2 more

6 terms

Schedule 13D regulatory

"This Amendment No. 2 to (the "Statement") is being filed to amend the Statement as originally filed ... with respect to the common stock"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficial ownership financial

"share beneficial ownership of, the common stock held of record by GA AL, GA AL Holding, GA AL Holding II"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 203 of the Delaware General Corporation Law regulatory

"The board of directors of the Company granted a waiver from Section 203 of the Delaware General Corporation Law to the Reporting Persons"

alternative investment fund manager financial

"GAP Lux has appointed Carne Global Fund Management (Luxembourg) S.A. (the "AIFM") as the alternative investment fund manager of GAP Lux"

An alternative investment fund manager is a firm or individual that runs pooled investment vehicles that buy non-traditional assets—such as private equity, hedge funds, real estate, commodities or infrastructure—rather than publicly traded stocks and bonds. Investors care because these managers seek higher or different types of returns and risks, charge specialized fees, and often use less liquid strategies, so they can materially affect portfolio risk, return and access to opportunities.

open market transactions financial

"The Reporting Persons effected purchases of shares of common stock through open market transactions and block trades."

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

block trades financial

"The Reporting Persons effected purchases of shares of common stock through open market transactions and block trades."

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

ALKAMI TECHNOLOGY, INC.

(Name of Issuer)

Common stock, par value $0.001 per share

(Title of Class of Securities)

01644J108

(CUSIP Number)

Michael Gosk
c/o General Atlantic Service Company, LP, 55 East 52nd Street, 33rd Floor
New York, NY, 10055
(212) 715-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/05/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,445,994.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,445,994.00

11

Aggregate amount beneficially owned by each reporting person

17,445,994.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Includes 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, which is controlled by the Partnership Committee (as defined below).

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic (SPV) GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic Partners 100, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic (AL), L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

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

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic Partners (Lux) SCSp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic GenPar, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments III, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments IV, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments V, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments CDA, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic GenPar (Lux) SCSp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic (Lux) S.a r.l.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic GenPar (Bermuda), L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,404,038.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,404,038.00

11

Aggregate amount beneficially owned by each reporting person

17,404,038.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP (Bermuda) L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,445,994.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,445,994.00

11

Aggregate amount beneficially owned by each reporting person

17,445,994.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.3 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Includes 34,731 shares and 7,225 restricted stock units held by Raphael Osnoss, who is an employee of GASC, solely for the benefit of GASC, which is controlled by the Partnership Committee.

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

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

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,758,720.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,758,720.00

11

Aggregate amount beneficially owned by each reporting person

7,758,720.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

General Atlantic (SPV) GP (Bermuda), LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,758,720.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,758,720.00

11

Aggregate amount beneficially owned by each reporting person

7,758,720.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.2 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GA AL Holding, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,645,318.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,645,318.00

11

Aggregate amount beneficially owned by each reporting person

9,645,318.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GENERAL ATLANTIC (AL) SPV, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,071,479.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,071,479.00

11

Aggregate amount beneficially owned by each reporting person

7,071,479.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments PE Holdco, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments PE, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments PE Holdco GP, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Holdings GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GAP Coinvestments PE GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 01644J108

1

Name of reporting person

GA AL Holding II, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,412,558.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,412,558.00

11

Aggregate amount beneficially owned by each reporting person

5,412,558.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common stock, par value $0.001 per share
(b)	Name of Issuer: ALKAMI TECHNOLOGY, INC.
(c)	Address of Issuer's Principal Executive Offices: 5601 Granite Parkway, Suite 120, Plano, TEXAS , 75024.
Item 1 Comment: This Amendment No. 2 to Schedule 13D (the "Statement") is being filed to amend the Statement as originally filed with the Securities and Exchange Commission on August 20, 2025, as amended by Amendment No. 1 dated March 11, 2026, with respect to the common stock, par value $0.001 per share (the "common stock") of Alkami Technology, Inc. a company incorporated in Delaware (the "Company"), whose principal executive offices are located at 5601 Granite Parkway, Suite 120, Plano, Texas 75024. Except as otherwise provided herein, each Item of the Statement remains unchanged.
Item 2.	Identity and Background
(a)	This Statement is being filed by a "group," as defined in Rule 13d-5 of the General Rules and Regulations promulgated under the Exchange Act. The members of the group are: (i) General Atlantic, L.P., a Delaware limited partnership ("GA LP"); (ii) General Atlantic (SPV) GP, LLC, a Delaware limited liability corporation ("GA SPV GP"), (iii) General Atlantic Partners 100, L.P., a Delaware limited partnership ("GAP 100"); (iv) General Atlantic (AL), L.P., a Delaware limited partnership ("GA AL"), (v) General Atlantic Partners (Bermuda) EU, L.P., a Bermuda limited partnership ("GAP Bermuda EU"); (vi) General Atlantic Partners (Lux), SCSp, a Luxembourg special limited partnership ("GAP Lux"), (vii) General Atlantic GenPar, L.P., a Delaware limited partnership ("GA GenPar"), (viii) GAP Coinvestments III, LLC, a Delaware limited liability corporation ("GAPCO III"), (ix) GAP Coinvestments IV, LLC, a Delaware limited liability corporation ("GAPCO IV"), (x) GAP Coinvestments V, LLC, a Delaware limited liability corporation ("GAPCO V"), (xi) GAP Coinvestments CDA, L.P., a Delaware limited partnership ("GAPCO CDA"), (xii) General Atlantic GenPar (Lux), SCSp, a Luxembourg special limited partnership ("GA GenPar Lux"), (xiii) General Atlantic (Lux) S.a r.l., a Luxembourg company ("GA Lux"), (xiv) General Atlantic GenPar (Bermuda), L.P., a Bermuda limited partnership ("GenPar Bermuda"), (xv) GAP (Bermuda) L.P., a Bermuda limited partnership ("GAP Bermuda"), (xvi) General Atlantic Partners (Bermuda) IV, L.P., a Bermuda limited partnership ("GAP Bermuda IV"), (xvii) General Atlantic (SPV) GP (Bermuda), LLC, Bermuda limited liability corporation ("GA SPV Bermuda"), (xviii) GA AL Holding, L.P., a Bermuda limited partnership ("GA AL Holding"), (xix) General Atlantic (AL) SPV, L.P., a Delaware limited partnership ("GA SPV"), GAP Coinvestments PE Holdco, L.P., a Delaware limited partnership ("GAP PE Holdco"), GAP Coinvestments PE, L.P., a Delaware limited partnership ("GAP PE"), GAP Coinvestments PE Holdco GP, L.P., a Delaware limited partnership ("GAP PE Holdco GP"), GAP Coinvestments PE GP, LLC, a Delaware limited liability company ("GAP PE GP"), GAP Holdings GP, LLC, a Delaware limited liability company ("GAP Holdings GP"), and GA AL Holding II, L.P., a Bermuda limited partnership ("GA AL Holding II"). Each of the foregoing is referred to as a Reporting Person and collectively as the "Reporting Persons." GAP 100, GAP Bermuda EU, GAP Bermuda IV and 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." Raphael Osnoss, an employee of GASC and director of the Company, holds 34,731 common shares and 7,225 restricted stock units solely for the benefit of GASC, which is controlled by the Partnership Committee. The address of GAP Bermuda EU, GenPar Bermuda, GAP Bermuda, GA AL Holding, GA AL Holding II, GAP Bermuda IV and GA SPV Bermuda is Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The address of GAP Lux, GA GenPar Lux and GA Lux is 412F, Route d'Esch, L-1471 Luxembourg. The address of GAP 100, GA SPV GP, GA SPV, GA GenPar, GA AL, GAP PE Holdco, GAP PE, GAP PE GP, GAP PE Holdco GP, GAP Holdings GP and GA LP and each of the Sponsor Coinvestment Funds is c/o General Atlantic Service Company, L.P., 55 East 52nd Street, 33rd Floor, New York, NY 10055. Each of the Reporting Persons is engaged in acquiring, holding and disposing of interests in various companies for investment purposes. The following investment funds share beneficial ownership of the common shares held of record by GA AL, GA AL SPV, GA AL Holding and GA AL Holding II: GAP Bermuda EU, GAP Lux, GAPCO III, GAPCO IV, GAPCO V and GAPCO CDA. The following investment funds also share beneficial ownership of the common shares held of record by GA AL and GA AL SPV: GAP 100. The following investment funds also share beneficial ownership of the common shares held of record by GA AL Holding and GA AL Holding II: GAP Bermuda IV. The following investment funds also share beneficial ownership of the common shares held of record by GA AL SPV: GA AL. The following investment funds also share beneficial ownership of the common shares held of record by GA AL Holding II: GAP PE Holdco and GAP PE. The general partner of GA AL and GA SPV is GA SPV GP. The general partner of GAP Lux is GA GenPar Lux, and the general partner of GA GenPar Lux is GA Lux. The general partner of GA AL Holding and GA AL Holding II is 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 GenPar Bermuda. GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "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 and GAP Holdings GP. 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. GAP Holdings GP is the general partner of GAP PE Holdco GP, which is the general partner of GAP PE Holdco. GAP Holdings GP is the sole member of GAP PE GP, which is the general partner of GAP PE. As of the date hereof, there are six members of the Partnership Committee. Each of the members of the Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein. The information required by General Instruction C to Schedule 13D is attached hereto as Schedule A and is hereby incorporated by reference. The present principal occupation or employment of each of the members of the Partnership Committee is as a managing director of GA LP.
(b)	See Item 2(a).
(c)	See Item 2(a).
(d)	None of the Reporting Persons and none of the individuals listed on Schedule A have, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	See Item 2(d).
(f)	See Item 2(a).
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons obtained the funds for the purchases of common stock reported herein from contributions from the GA Funds and the Sponsor Coinvestment Funds.
Item 4.	Purpose of Transaction
	The Reporting Persons acquired the common stock reported herein for investment purposes. Consistent with such purposes, the Reporting Persons may engage in communications with, without limitation, one or more stockholders of the Company, management of the Company, one or more members of the board of directors of the Company, and may make suggestions concerning the Company's operations, prospects, business and financial strategies, strategic transactions, assets and liabilities, business and financing alternatives, the composition of the board of directors of the Company and such other matters as the Reporting Persons may deem relevant to their investment in the common stock. The Reporting Persons expect that they will, from time to time, review their investment position in the common stock or the Company and may, depending on the Company's performance and other market conditions, increase or decrease their investment position in the common stock. The Reporting Persons may, from time to time, make additional purchases of common stock either in the open market or in privately-negotiated transactions, depending upon the Reporting Persons' evaluation of the Company's business, prospects and financial condition, the market for the common stock, other opportunities available to the Reporting Persons, general economic conditions, stock market conditions and other factors. The board of directors of the Company granted a waiver from Section 203 of the Delaware General Corporation Law to the Reporting Persons with respect to purchases of common stock up to a beneficial ownership position of 19.9%. Depending upon the factors noted above, the Reporting Persons may also decide to hold or dispose of all or part of their investments in the common stock, and/or enter into derivative transactions with institutional counterparties with respect to the Company's securities, including the common stock. Except as set forth in this Item 4 or Item 6 below, the Reporting Persons have no present plans or proposals that relate to, or that would result in, any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Exchange Act.
Item 5.	Interest in Securities of the Issuer
(a)	The percentages used herein are calculated based upon on an aggregate of 107,019,174 shares of common stock reported by the Company to be outstanding as of March 31, 2026, as reflected in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2026. By virtue of the fact that (i) the GA Funds and the Sponsor Coinvestment Funds contributed the capital to fund the purchases, and share beneficial ownership of, the common stock held of record by GA AL, GA AL Holding, GA AL Holding II, (ii) the general partner of GA AL and GA SPV is GA SPV GP, (iii) the general partner of GAP Lux is GA GenPar Lux, and the general partner of GA GenPar Lux is GA Lux., (iv) the general partner of GA AL Holding is GA SPV Bermuda, (v) 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 GenPar Bermuda, (vi) GAP Lux has appointed Carne Global Fund Management (Luxembourg) S.A. (the "AIFM") as the alternative investment fund manager of GAP Lux pursuant to an alternative investment fund management agreement to undertake all functions required of an external alternative investment fund manager under the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended from time to time and GAP Lux has also entered into a delegated portfolio management and distribution agreement with the AIFM and GASC in order to appoint GASC to act as the portfolio manager of GAP Lux, (vii) the general partner of GAP 100 is GA GenPar, and the general partner of GA GenPar is GA LP, (viii) the general partner of GAP PE Holdco is GAP PE Holdco GP, and the general partner of GAP PE Holdco GP is GAP Holdings GP, (ix) the general partner of GAP PE is GAP PE GP, and the sole member of GAP PE GP is GAP Holdings GP, (x) GA LP, which is controlled by the 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 and GAP Holdings GP, (xi) GAP Bermuda, which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda and (xii) GASC, with respect to GAP Lux, is controlled by the Partnership Committee, the Reporting Persons may be deemed to have the power to vote and direct the disposition of the common stock owned of record by GA AL and GA AL Holding. As a result, as of the date hereof, each of the Reporting Persons may be deemed to beneficially own the shares of common stock indicated on row (11) on such Reporting Person's cover page included herein.
(b)	Each of the Reporting Persons has the shared power to vote or direct the vote and the shared power to dispose or to direct the disposition of the shares of common stock indicated on row (8) on such Reporting Person's cover page that may be deemed to be beneficially owned by each of them.
(c)	The table in Annex A specifies the date, amount and weighted average price of shares of common stock purchased by the Reporting Persons since Amendment No. 1. The Reporting Persons effected purchases of shares of common stock through open market transactions and block trades. See Annex A.
(d)	No person other than the persons listed is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any securities owned by any member of the group.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1: Agreement relating to the filing of the joint acquisition statements as required by Rule 13d-1(k)(1) under the Exchange Act (previously filed). https://www.sec.gov/Archives/edgar/data/1529274/000095014226000686/eh260750617_ex01.htm Exhibit 2: Annex A - Open Market Purchases

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

General Atlantic, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director
Date:	05/07/2026

General Atlantic (SPV) GP, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its sole member
Date:	05/07/2026

General Atlantic Partners 100, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., the general partner of General Atlantic GenPar, L.P., its general partner
Date:	05/07/2026

General Atlantic (AL), L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., the sole member of General Atlantic (SPV) GP, LLC, its general partner
Date:	05/07/2026

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

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (Bermuda) GP Ltd, GP of GAP (Bermuda) L.P., GP of General Atlantic GenPar (Bermuda), L.P, its general partner
Date:	05/07/2026

General Atlantic Partners (Lux) SCSp

Signature:	/s/ Ingrid van der Hoorn
Name/Title:	Ingrid van der Hoorn, Manager A of General Atlantic (Lux) S.a r.l., the general partner of General Atlantic GenPar (Lux) SCSp, its general partner
Date:	05/07/2026

Signature:	/s/ William Blackwell
Name/Title:	William Blackwell, Manager B of General Atlantic (Lux) S.a r.l., the general partner of General Atlantic GenPar (Lux) SCSp, its general partner
Date:	05/07/2026

General Atlantic GenPar, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its general partner
Date:	05/07/2026

GAP Coinvestments III, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	05/07/2026

GAP Coinvestments IV, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	05/07/2026

GAP Coinvestments V, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	05/07/2026

GAP Coinvestments CDA, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its general partner
Date:	05/07/2026

General Atlantic GenPar (Lux) SCSp

Signature:	/s/ Ingrid van der Hoorn
Name/Title:	Ingrid van der Hoorn, Manager A of General Atlantic (Lux) S.a r.l., its general partner
Date:	05/07/2026

Signature:	/s/ William Blackwell
Name/Title:	William Blackwell, Manager B of General Atlantic (Lux) S.a r.l., its general partner
Date:	05/07/2026

General Atlantic (Lux) S.a r.l.

Signature:	/s/ Ingrid van der Hoorn
Name/Title:	Ingrid van der Hoorn, Manager A
Date:	05/07/2026

Signature:	/s/ William Blackwell
Name/Title:	William Blackwell, Manager B
Date:	05/07/2026

General Atlantic GenPar (Bermuda), L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (Bermuda) GP Limited, the general partner of GAP (Bermuda) L.P., its general partner
Date:	05/07/2026

GAP (Bermuda) L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (Bermuda) GP Limited, its general partner
Date:	05/07/2026

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

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (Bermuda) GP Limited, the GP of GAP (BERMUDA) L.P., the GP of GENERAL ATLANTIC GENPAR (BERMUDA), L.P., its GP
Date:	05/07/2026

General Atlantic (SPV) GP (Bermuda), LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (BERMUDA) L.P., the general partner of GENERAL ATLANTIC GENPAR (BERMUDA), L.P., its managing member
Date:	05/07/2026

GA AL Holding, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GENERAL ATLANTIC (SPV) GP (BERMUDA), LLC, its general partner
Date:	05/07/2026

GENERAL ATLANTIC (AL) SPV, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., the sole member of General Atlantic (SPV) GP, LLC, its general partner
Date:	05/07/2026

GAP Coinvestments PE Holdco, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP Holdings GP, LLC, the general partner of GAP Coinvestments PE Holdco GP, L.P., its general partner
Date:	05/07/2026

GAP Coinvestments PE, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP Holdings GP, LLC, the sole member of GAP Coinvestments PE GP, L.P., its general partner
Date:	05/07/2026

GAP Coinvestments PE Holdco GP, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP Holdings GP, LLC, its general partner
Date:	05/07/2026

GAP Holdings GP, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director
Date:	05/07/2026

GAP Coinvestments PE GP, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP Holdings GP, LLC, its sole member
Date:	05/07/2026

GA AL Holding II, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GENERAL ATLANTIC (SPV) GP (BERMUDA), LLC, its general partner
Date:	05/07/2026

FAQ

What ownership stake does General Atlantic report in Alkami Technology (ALKT)?

General Atlantic-affiliated funds report beneficial ownership of 17,445,994 Alkami common shares, representing 16.3% of 107,019,174 shares outstanding as of March 31, 2026. The position is held through multiple General Atlantic and co-investment vehicles acting together as a group.

What type of filing did General Atlantic submit for Alkami Technology (ALKT)?

They submitted Amendment No. 2 to a Schedule 13D, updating their beneficial ownership disclosure in Alkami common stock. Schedule 13D is required when investors hold more than 5% and may influence or actively engage with a company’s strategy or governance.

How does General Atlantic describe its intentions for the Alkami (ALKT) investment?

The group states it acquired Alkami common stock for investment purposes but may communicate with other shareholders, management, and the board on operations, strategy, capital structure and board composition, and may buy more, sell shares, or enter derivative transactions depending on performance and market conditions.

What is the significance of the 19.9% ownership waiver mentioned for Alkami (ALKT)?

Alkami’s board granted General Atlantic and related funds a waiver from Section 203 of the Delaware General Corporation Law for purchases up to a 19.9% beneficial ownership level. This allows them to increase their stake beyond typical anti-takeover thresholds without triggering that statute’s restrictions.

How many Alkami (ALKT) shares are outstanding according to this filing?

The ownership percentages are based on 107,019,174 Alkami common shares outstanding as of March 31, 2026. This share count comes from Alkami’s Form 10-Q filed with the SEC on April 30, 2026 and is used to calculate General Atlantic’s 16.3% interest.

What role does Raphael Osnoss play in the Alkami (ALKT) ownership structure?

Raphael Osnoss, a director of Alkami and employee of General Atlantic Service Company, holds 34,731 common shares and 7,225 restricted stock units solely for the benefit of that service entity. Control over these securities resides with the Partnership Committee that oversees General Atlantic’s management structure.