Stephan Scholl - Dec 14, 2021 Form 4 Insider Report for Alight, Inc. / Delaware (ALIT)

Role: Chief Executive Officer, Director
Signature: /s/ Paulette Dodson, General Counsel and Corporate Secretary, as Attorney-in-Fact
Stock symbol: ALIT
Transactions as of: Dec 14, 2021
Transactions value $: $1,347,050
Form type: 4
Date filed: 12/22/2021, 04:47 PM
Previous filing: Sep 14, 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	$1.67M	+145K	+2.48%	$11.50	5.98M	Dec 14, 2021	Direct	F1, F2, F3
transaction	ALIT	Class A Common Stock	Tax liability		-107K	-1.79%		5.88M	Dec 14, 2021	Direct	F1, F2, F3, F4

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	-$320K	-145K	-100%	$2.21	0	Dec 14, 2021	Class A Common Stock	145K	$11.50	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person exercised warrants to purchase shares of the Issuer's Class A Common Stock. The warrants were exercised on a cashless basis pursuant to Section 6.2 of that certain Warrant Agreement, dated May 20, 2020, by and between Foley Transimene Acquisition Corp. (n/k/a Alight Group, Inc.)("FTAC") and Continental Stock Transfer Trust Company (the "Warrant Agent"), as amended by the Warrant Assumption Agreement, dated as of July 2, 2021 (together the "Warrant Agreement"), by and between the Issuer, FTAC and the Warrant Agent, following the Issuer's Notice of Redemption dated November 26, 2021. In the cashless exercise, under the terms of the Warrant Agreement, the reporting person received 0.26 shares per warrant exercised and the Issuer withheld 0.74 shares per warrant exercised.
F2	The exercise of warrants, the withholding of shares of Class A Common Stock in the cashless exercise and the resulting issuance of the net shares of Class A Common Stock were exempt under rule 16b-3 of the Securities Exchange Act of 1934, as amended.
F3	Includes 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.
F4	Represents shares of Class A Common Stock withheld in connection with the cashless exercise.
F5	The reported price was the purchase price for the 46,000 warrants purchased and timely reported on August 20, 2021, but the remainder of the reported securities were acquired in connection with the Issuer's initial business combination and reflected in the reporting person's Form 3.