Dinesh Tulsiani V. - 16 Jan 2024 Form 4 Insider Report for Alight, Inc. / Delaware (ALIT)

Signature
/s/ John A. Mikowski, Deputy General Counsel and Assistant Corporate Secretary, as Attorney-in-Fact
Issuer symbol
ALIT
Transactions as of
16 Jan 2024
Net transactions value
-$1,750,875
Form type
4
Filing time
18 Jan 2024, 17:43:08 UTC
Previous filing
03 Jan 2024
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALIT Class A Common Stock Award $0 +478,125 +101% $0.000000 950,757 16 Jan 2024 Direct F1, F2
transaction ALIT Class A Common Stock Tax liability $1,750,875 -212,743 -22% $8.23 738,014 16 Jan 2024 Direct F2, F3
holding ALIT Class V Common Stock 82,945 16 Jan 2024 By Tempo Management, LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued in settlement of performance stock units granted in 2021 which vested at 250% max level based on the achievement of cumulative BPaaS TCV bookings metric over the three fiscal years of 2021, 2022 and 2023.
F2 Includes restricted stock units scheduled to vest in the future and shares of Class A common stock that are subject to certain transfer, voting, vesting and other restrictions applicable to "Restricted Stock," as set forth in the issuer's 2021 Omnibus Incentive Plan.
F3 Represents the number of shares withheld to cover federal and state tax liability for the Reporting Person incurred in connection with the vesting of the above-mentioned performance stock units.
F4 Shares of Class V common stock do not represent economic interests in the Issuer. Except as provided in the Issuer's Certificate of Incorporation or as required by applicable law, Class V common stock will be entitled to one vote per share on all matters to be voted on by Issuer's stockholders generally. Upon exchange of Class A Units of Alight Holding Company, LLC ("Alight Holdings") that are held by the reporting person, an equal number of shares of the Issuer's Class V common stock will be cancelled for no consideration.