Katie J. Rooney - Jul 8, 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
Jul 8, 2024
Transactions value $
-$674,474
Form type
4
Date filed
7/10/2024, 06:31 PM
Previous filing
Jul 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALIT Class A Common Stock Sale -$340K -47.9K -1.63% $7.11 2.88M Jul 8, 2024 Direct F1, F2, F3
transaction ALIT Class A Common Stock Sale -$334K -47.9K -1.66% $6.98 2.83M Jul 9, 2024 Direct F1, F3, F4
holding ALIT Class V Common Stock 70.1K Jul 8, 2024 By Tempo Management, LLC F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 9/15/2023. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
F2 The price represents the weighted average price of the shares sold. The shares were sold within a range of $7.060 to $7.245. The Reporting Person will provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Includes restricted stock units scheduled to vest in the future.
F4 The price represents the weighted average price of the shares sold. The shares were sold within a range of $6.865 to $7.035. The Reporting Person will provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 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 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.