Dinesh V. Tulsiani - Mar 10, 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
Stock symbol
ALIT
Transactions as of
Mar 10, 2024
Transactions value $
-$218,175
Form type
4
Date filed
3/12/2024, 05:32 PM
Previous filing
Jan 18, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALIT Class A Common Stock Tax liability -$218K -23.9K -3.25% $9.11 714K Mar 10, 2024 Direct F1, F2
holding ALIT Class V Common Stock 82.9K Mar 10, 2024 By Tempo Management, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld to cover tax liability incurred upon the vesting of previously reported restricted stock units. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person.
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 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.