Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ALIT | Class A Common Stock | Tax liability | -$323K | -29.9K | -6.34% | $10.81 | 442K | Dec 31, 2021 | Direct | F1, F2 |
holding | ALIT | Class V Common Stock | 31.6K | Dec 31, 2021 | By Tempo Management, LLC | F3 |
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 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, holders of Class V common stock will be entitled to one vote per share on all matters to be voted on by the issuer's stockholders generally. Upon exchange of Class A Units of Alight Holding Company, LLC ("Alight Holdings") that are held by the reporting persons, an equal number of shares of the issuer's Class V common stock will be cancelled for no consideration. |
General Counsel and Corporate Secretary