Schedule 13D: General Atlantic Reports 12.03M ALKT Shares (11.6%)

Rhea-AI Filing Summary

General Atlantic and affiliated funds filed a Schedule 13D reporting shared beneficial ownership of 12,033,436 shares of Alkami Technology, Inc. common stock, representing 11.6% of the class based on 104,083,138 shares outstanding as of June 30, 2025. This Schedule 13D amends and supersedes a previously filed Schedule 13G/A.

The filing states the shares were acquired for investment purposes. The Reporting Persons may engage with shareholders, management or the board and may buy, sell or otherwise change their position over time. Purchases during the 60-day period before August 20, 2025 are reported in an attached Annex A. The group entered a Joint Filing Agreement and discloses shared voting and dispositive power over the reported shares.

Positive

• Reporting Persons disclose a material 11.6% beneficial ownership (12,033,436 shares), providing transparency to investors
• The filing amends a prior Schedule 13G/A to a Schedule 13D, increasing regulatory disclosure and signaling readiness to engage with the company
• Purchases were funded by specified GA Funds and Sponsor Coinvestment Funds, and recent transactions during the 60-day period are disclosed in Annex A

Negative

• The Reporting Persons reserve the right to buy or sell and to engage with management, which could introduce shareholder activism or strategic uncertainty
• Shared voting and dispositive power across multiple affiliated entities may complicate clarity on who will drive any future decisions regarding the stake

Insights

Financial Analyst

TL;DR General Atlantic's disclosed 11.6% stake is a substantial passive-to-active investment signal with potential governance influence.

The Schedule 13D shows a coordinated ownership of 12,033,436 shares, equating to 11.6% of Alkami's outstanding common stock. Filing on a Schedule 13D (rather than remaining on a 13G) indicates increased disclosure obligations and signals willingness to engage with the company. The group discloses shared voting and dispositive power and reserves the right to communicate with management, the board and other shareholders. Annex A (referenced) records recent purchases within the 60-day lookback, indicating the position was accumulated via open-market and block trades using fund capital. This level of ownership is material relative to a single shareholder and may prompt investor interest and potential board or strategic discussions.

Corporate Governance Expert

TL;DR A group filing of this size creates practical leverage to request meetings or offer governance feedback, though no formal proposals are stated.

The Reporting Persons explicitly state they may communicate with management and the board and may suggest changes to operations, strategy or board composition, but they also state no present plans to take the specific actions listed in Item 4 clauses (a)-(j). The Joint Filing Agreement and shared voting/dispositive power disclosures clarify coordination among fund vehicles controlled by General Atlantic and its Partnership Committee. That coordination, combined with an >10% stake, is material from a governance standpoint because it provides the Reporting Persons standing to seek engagement without having declared definitive proposals or transactions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

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)

08/13/2025

(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).

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) 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 No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 01644J108

1

Name of reporting person

General Atlantic Partners (Bermuda) T, 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 12,033,436.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 12,033,436.00

11

Aggregate amount beneficially owned by each reporting person

12,033,436.00

12

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

13

Percent of class represented by amount in Row (11)

11.6 %

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: The Reporting Persons (as defined below) filed a Schedule 13G/A on November 4, 2024 regarding the beneficial ownership of the securities of the Company (as defined below). This Schedule 13D amends and supersedes the Reporting Persons' previously filed Schedule 13G/A in accordance with Rule 13d-1(d) under the Exchange Act. This Schedule 13D (the "Statement") relates 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 75204.
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") (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) General Atlantic Partners (Bermuda) T, L.P., a Bermuda limited partnership ("GA AL Holding") 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, 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, GA GenPar, GA AL 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 and GA AL Holding: 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: GAP 100. The following investment funds also share beneficial ownership of the common shares held of record by GA AL Holding: GAP Bermuda IV. The general partner of GA AL is GA SPV. 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 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. 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. 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 shareholders 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. 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 104,083,138 shares of common stock reported by the Company to be outstanding as of June 30, 2025 as reflected in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on July 31, 2025. 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 and GA AL Holding, (ii) the general partner of GA AL is GA SPV, (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, (xiii) 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, (ix) GAP Bermuda, which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda and (x) 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 during the 60-day period prior to August 20, 2025. 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 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Please see Item 5(a), which is hereby incorporated by reference. The GA Funds, the Sponsor Coinvestment Funds and the members of the Partnership Committee may, from time to time, consult among themselves and coordinate the voting and disposition of shares of common stock held of record by GA AL and GA AL Holding as well as such other action taken on behalf of the Reporting Persons with respect to the common stock held by the Reporting Persons as they deem to be in the collective interest of the Reporting Persons. The Reporting Persons entered into a Joint Filing Agreement on August 20, 2025 (the "Joint Filing Agreement"), pursuant to which they have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Exchange Act. A copy of the Joint Filing Agreement is attached hereto as Exhibit 1. Except as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons or, to the best of their knowledge, any of the persons named in Schedule A hereto and any other person with respect to any securities of the Company, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. The Reporting Persons entered into a Joint Filing Agreement on August 19, 2025 (the "Joint Filing Agreement"), pursuant to which they have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Exchange Act. A copy of the Joint Filing Agreement is attached hereto as Exhibit 1. Except as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons or, to the best of their knowledge, any of the persons named in Schedule A hereto and any other person with respect to any securities of the Company, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
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. 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:	08/20/2025

General Atlantic (SPV) GP, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its sole member
Date:	08/20/2025

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:	08/20/2025

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:	08/20/2025

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:	08/20/2025

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:	08/20/2025

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:	08/20/2025

General Atlantic GenPar, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its general partner
Date:	08/20/2025

GAP Coinvestments III, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	08/20/2025

GAP Coinvestments IV, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	08/20/2025

GAP Coinvestments V, LLC

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its managing member
Date:	08/20/2025

GAP Coinvestments CDA, L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of General Atlantic, L.P., its general partner
Date:	08/20/2025

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:	08/20/2025

Signature:	/s/ William Blackwell
Name/Title:	William Blackwell, Manager B of General Atlantic (Lux) S.a r.l., its general partner
Date:	08/20/2025

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

Signature:	/s/ Ingrid van der Hoorn
Name/Title:	Ingrid van der Hoorn, Manager A
Date:	08/20/2025

Signature:	/s/ William Blackwell
Name/Title:	William Blackwell, Manager B
Date:	08/20/2025

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:	08/20/2025

GAP (Bermuda) L.P.

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GAP (Bermuda) GP Limited, its general partner
Date:	08/20/2025

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:	08/20/2025

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:	08/20/2025

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

Signature:	/s/ Michael Gosk
Name/Title:	Michael Gosk, Managing Director of GENERAL ATLANTIC (SPV) GP (BERMUDA), LLC, its general partner
Date:	08/20/2025

FAQ

How many ALKT shares does General Atlantic report owning?

The Reporting Persons disclose beneficial ownership of 12,033,436 shares, equal to 11.6% of common stock based on 104,083,138 shares outstanding as of June 30, 2025.

Did General Atlantic file a Schedule 13D or 13G for ALKT?

They filed a Schedule 13D that amends and supersedes a previously filed Schedule 13G/A.

What is the stated purpose of General Atlantic's ALKT holdings?

The shares were acquired for investment purposes; the Reporting Persons state they may communicate with shareholders, management or the board and may change their position over time.

Does the filing show whether purchases were recent?

Yes. The filing references an Annex A that specifies dates, amounts and weighted average prices of purchases during the 60-day period prior to August 20, 2025.

Do the Reporting Persons control how the shares are voted?

The Reporting Persons report shared voting powershared dispositive power over the 12,033,436 shares.