Richard N. Massey - Dec 20, 2021 Form 4 Insider Report for Alight, Inc. / Delaware (ALIT)

Role
Director
Signature
/s/ Michael L. Gravelle, Authorized Signatory
Stock symbol
ALIT
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 03:34 PM
Previous filing
Oct 4, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALIT Class A common stock Options Exercise +39K +20.32% 231K Dec 20, 2021 Direct F1
transaction ALIT Class A common stock Disposed to Issuer -28.9K -12.5% 202K Dec 20, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALIT Warrants to purchase Class A common stock Options Exercise -39K -100% 0 Dec 20, 2021 Class A common stock 39K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. The Reporting Person received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable.
F2 Represents shares of Class A common stock deemed withheld by the Issuer from the Reporting Person in connection with the make-whole exercise on a cashless basis pursuant to the Warrant Agreement.
F3 Not applicable.