4//SEC Filing
Scholl Stephan 4
Accession 0000950170-24-081777
CIK 0001809104other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 7:34 AM ET
Size
17.9 KB
Accession
0000950170-24-081777
Insider Transaction Report
Form 4
Scholl Stephan
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-07-02+8,676→ 8,100,375 total - Exercise/Conversion
Class Z-A Common Stock
2024-07-02−8,676.12→ 0 total→ Class A Common Stock (8,676.12 underlying) - Exercise/Conversion
Class Z-B-1 Common Stock
2024-07-02−568.92→ 0 total→ Class B-1 Common Stock (568.92 underlying) - Exercise/Conversion
Class B-1 Common Stock
2024-07-02+568→ 122,511 total→ Class A Common Stock (568 underlying) - Exercise/Conversion
Class B-2 Common Stock
2024-07-02+568→ 122,511 total→ Class A Common Stock (568 underlying) - Exercise/Conversion
Class Z-B-2 Common Stock
2024-07-02−568.92→ 0 total→ Class B-2 Common Stock (568.92 underlying)
Footnotes (7)
- [F1]The reported shares of Class A common stock ("Class A Shares") were received upon conversion of shares of Class Z-A common stock ("Class Z-A Shares") which vested in connection with the forfeiture of certain unvested Class A Shares held by issuer's management. Fractional vested Class Z-A Shares were settled in cash.
- [F2]Includes restricted stock units scheduled to vest in the future.
- [F3]Shares of Class B-1 common stock ("Class B-1 Shares") and shares of Class B-2 common stock ("Class B-2 Shares" and, together with Class B-1 Shares, "Class B Shares") do not represent economic interests in the issuer, except for participation together with Class A Shares in any dividends or distributions, which amounts will accrue and only become payable upon the occurrence of certain Class B vesting events. Holders of Class B Shares are not entitled to any voting rights with respect to such shares, except as required by applicable law. Class B Shares will automatically convert into Class A Shares on a one-for-one basis (subject to adjustment) upon the occurrence of certain Class B vesting events.
- [F4]The reported securities were received upon conversion of Class Z-B-1 common stock ("Class Z-B-1 Shares") and shares of Class Z-B-2 common stock ("Class Z-B-2 Shares") which vested in connection with the forfeiture of certain corollary Class B-1 Shares and Class B-2 Shares held by issuer's management. Fractional vested Class Z-B-1 and Class Z-B-2 Shares were settled in cash.
- [F5]Class Z-A Shares vest and convert into Class A Shares in connection with the forfeiture of certain corollary unvested Class A Shares held by issuer's management.
- [F6]The remaining 36,258.88 Class Z-A Shares, 1,874.08 Class Z-B-1 Shares and 1,874.08 Class Z-B-2 Shares previously reported by the Reporting Person were forfeited for no consideration in connection with the vesting of the corollary Class A Shares, Class B-1 Shares and Class B-2 Shares, respectively, that were held by issuer's management.
- [F7]Class Z-B-1 Shares and Class Z-B-2 Shares (i) vest and convert into Class B-1 Shares and Class B-2 Shares, respectively, in the event the certain corollary Class B-1 Shares and Class B-2 Shares held by issuer's management are forfeited pursuant to an applicable award agreement or (ii) are forfeited for no consideration in the event that such corollary Class B-1 Shares or Class B-2 Shares vest.
Documents
Issuer
Alight, Inc. / Delaware
CIK 0001809104
Entity typeother
Related Parties
1- filerCIK 0001723027
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 7:34 AM ET
- Size
- 17.9 KB