Duggirala Deepika 4
Research Summary
AI-generated summary
Alight (ALIT) CTO Deepika Duggirala Relinquishes Shares for Taxes
What Happened
Deepika Duggirala, Chief Technology Officer of Alight, relinquished a total of 10,840 shares back to the company to cover tax withholding on previously vested restricted stock units (RSUs). The transactions occurred in two parts: 7,551 shares at $0.91 on 2026-03-10 (≈ $6,871) and 3,289 shares at $0.94 on 2026-03-11 (≈ $3,092), totaling roughly $9,963. This was a routine tax-withholding disposition (not an open-market sale) tied to RSU vesting.
Key Details
- Transaction dates and prices: 2026-03-10 — 7,551 shares @ $0.91; 2026-03-11 — 3,289 shares @ $0.94. Transaction code: F (tax withholding).
- Total shares relinquished: 10,840; approximate total value: $9,963.
- Shares owned after the transactions: not specified in the filing.
- Footnotes: F1 — shares were withheld and cancelled by the issuer in exchange for the issuer paying the reporting person’s federal and state tax withholding obligations; F2 — filing notes there are additional RSUs scheduled to vest in the future.
- Timeliness: Form 4 filed 2026-03-12; filing appears timely (within the required reporting window).
Context
These dispositions represent a cashless tax-withholding mechanism when RSUs vest and do not necessarily signal buying or selling intent in the market. Such withholding is a common administrative step and should be viewed as routine compensation tax handling rather than an indication of the insider’s market view.