Gregory R. Goff - Jul 2, 2024 Form 4 Insider Report for Alight, Inc. / Delaware (ALIT)

Role
President
Signature
/s/ John A. Mikowski, Deputy General Counsel and Assistant Corporate Secretary, as Attorney-in-Fact
Stock symbol
ALIT
Transactions as of
Jul 2, 2024
Transactions value $
$0
Form type
4
Date filed
7/5/2024, 07:43 AM
Previous 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 Options Exercise +2.13K +0.19% 1.1M Jul 2, 2024 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 Class B-1 Common Stock Options Exercise +139 +0.46% 30.1K Jul 2, 2024 Class A Common Stock 139 Direct F3, F4
transaction ALIT Class B-2 Common Stock Options Exercise +139 +0.46% 30.1K Jul 2, 2024 Class A Common Stock 139 Direct F3, F4
transaction ALIT Class Z-A Common Stock Options Exercise -2.13K -100% 0 Jul 2, 2024 Class A Common Stock 2.13K Direct F1, F5, F6
transaction ALIT Class Z-B-1 Common Stock Options Exercise -140 -100% 0 Jul 2, 2024 Class B-1 Common Stock 140 Direct F4, F6, F7
transaction ALIT Class Z-B-2 Options Exercise -140 -100% 0 Jul 2, 2024 Class B-2 Common Stock 140 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 8,904.35 Class Z-A Shares, 460.27 Class Z-B-1 Shares and 460.27 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.