North Reef reports 7.15% stake in Alkami Technology (ALKT)

Rhea-AI Filing Summary

Alkami Technology, Inc. ownership disclosure: North Reef Capital Management reports beneficial ownership of 7,650,000 shares of Common Stock, representing 7.15% of the class as of 03/31/2026. The filing lists shared voting and dispositive power over these shares and is signed May 15, 2026.

Insights

Institutional Ownership Analyst

Large passive stake disclosed at 7.15% ownership.

The filing shows 7,650,000 shares held with shared voting and shared dispositive power as of 03/31/2026. The ownership percentage is explicitly stated as 7.15%, below typical 10% activist thresholds.

Impact depends on North Reef's intent and trading activity; subsequent filings would clarify whether this is passive accumulation under Schedule 13G or signals future activity.

Corporate Governance Advisor

Filing records joint ownership structure and filing parties.

The disclosure names North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III with a joint filing agreement (Exhibit 99.1). Shared powers are recorded rather than sole control.

Governance implications hinge on whether voting power remains coordinated; any change in voting or control would appear in future amendments or Schedule 13D if intent changes.

Key Figures

Beneficial ownership: 7,650,000 shares Percent of class: 7.15% Reporting date: 03/31/2026 +3 more

6 metrics

Beneficial ownership 7,650,000 shares Amount beneficially owned as reported

Percent of class 7.15% Percent of common stock as reported

Reporting date 03/31/2026 Ownership reported as of this date

Signature date 05/15/2026 Form signed by filers and Chief Compliance Officer

Voting power (shared) 7,650,000 shares Shared voting power reported

CUSIP 01644J108 Alkami Technology common stock identifier

Key Terms

Schedule 13G, Beneficial ownership, Shared dispositive power, Joint Filing Agreement

4 terms

Schedule 13G regulatory

"Joint filing reporting beneficial ownership of common stock"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Amount beneficially owned: 7,650,000 (Percent of class: 7.15%)"

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.

Shared dispositive power regulatory

"Shared Dispositive Power 7,650,000.00 recorded in the table"

Joint Filing Agreement legal

"EXHIBIT 99.1 - JOINT FILING AGREEMENT"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Alkami Technology, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

01644J108

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 01644J108

1

Names of Reporting Persons

North Reef Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,650,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,650,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,650,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.15 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 01644J108

1

Names of Reporting Persons

North Reef Capital Management GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,650,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,650,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,650,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.15 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP Number(s): 01644J108

1

Names of Reporting Persons

James Hanna, III

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,650,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,650,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,650,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.15 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Alkami Technology, Inc.
(b)	Address of issuer's principal executive offices: 5601 Granite Parkway, Suite 120, Plano, TX 75024
Item 2.
(a)	Name of person filing: North Reef Capital Management LP North Reef Capital Management GP LLC James Hanna, III
(b)	Address or principal business office or, if none, residence: c/o North Reef Capital Management LP 1833 South Coast Highway Suite 210 Laguna Beach, California 92651
(c)	Citizenship: North Reef Capital Management LP - Delaware North Reef Capital Management GP LLC - Delaware James Hanna, III - California
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP Number(s): 01644J108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,650,000
(b)	Percent of class: 7.15 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 7,650,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 7,650,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

North Reef Capital Management LP

Signature:	/s/ Daniel Locasto
Name/Title:	Chief Compliance Officer
Date:	05/15/2026

North Reef Capital Management GP LLC

Signature:	/s/ James Hanna, III
Name/Title:	Managing Member
Date:	05/15/2026

James Hanna, III

Signature:	/s/ James Hanna, III
Name/Title:	James Hanna, III
Date:	05/15/2026

Exhibit Information

EXHIBIT 99.1 - JOINT FILING AGREEMENT

FAQ

What stake does North Reef Capital report in ALKT?

North Reef Capital reports beneficial ownership of 7,650,000 shares, equal to 7.15% of Alkami Technology's common stock as of 03/31/2026. The filing lists shared voting and dispositive power over these shares.

Which entities filed the Schedule 13G for ALKT?

The filing was submitted jointly by North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III, supported by a joint filing agreement included as Exhibit 99.1.

Does the filing show sole control of the reported ALKT shares?

No. The filing reports 0 shares of sole voting power and 7,650,000 shares of shared voting and shared dispositive power, indicating joint control rather than sole control.

What are the effective dates on the Schedule 13G filing for ALKT?

The ownership is reported as of 03/31/2026 on the cover, and the form is signed on 05/15/2026 by authorized signatories, including the Managing Member and Chief Compliance Officer.