GAP Coinvestments CDA, L.P. 4
Research Summary
AI-generated summary
Alkami (ALKT) 10% Owner General Atlantic Buys 2,066,543 Shares
What Happened
General Atlantic GenPar (Bermuda), L.P. (reported as a 10% owner through affiliated entities) purchased a total of 2,066,543 shares of Alkami Technology, Inc. (ALKT) in open-market transactions across May 4–6, 2026. The purchases were: 521,771 shares on May 4 at a weighted average price of $16.92 ($8,828,365), 700,000 shares on May 5 at $16.84 ($11,788,000), and 844,772 shares on May 6 at $16.63 ($14,048,558). Total consideration for the three days is approximately $34.7 million. These were purchases (P), which are considered buy activity rather than sales.
Key Details
- Transaction dates and reported weighted-average prices:
- May 4, 2026: 521,771 shares @ $16.92 (range $16.67–$17.18) = $8,828,365
- May 5, 2026: 700,000 shares @ $16.84 (range $16.69–$16.96) = $11,788,000
- May 6, 2026: 844,772 shares @ $16.63 (range $16.60–$16.68) = $14,048,558
- Total acquired: 2,066,543 shares for $34,664,923 ($16.78/share weighted average).
- Beneficial ownership: Footnotes indicate affiliated General Atlantic entities collectively beneficially own roughly 16.6 million Alkami shares across several funds and vehicles (plus some RSUs) — the filing identifies these affiliates as a ~10% owner group.
- Footnotes: Shares were acquired by GA AL Holding II via multiple open-market trades; the prices reported are weighted averages and per-day trade price ranges are disclosed. Detailed breakdowns by individual trade price are available upon request to the issuer or SEC staff (per the filing).
- Timeliness: Form 4 filed May 6, 2026 covering May 4–6 trades — appears timely (Form 4 is generally due within two business days of the transaction).
Context
- This filing documents institutional open-market purchases by a large private-equity/venture investor group, not an individual corporate executive. Institutional buys can signal accumulation but do not by themselves indicate management sentiment.
- No options exercises, awards, gifts, or tax-withholding events are reported here — all items are purchases (transaction code P).
- The filing includes detailed ownership structure notes showing many affiliated funds and GP entities; the group relationship may affect how beneficial ownership is reported under SEC rules.