General Atlantic Increases Stake in Alkami Technology to 16.3% via Open Market Purchases

General Atlantic, L.P. and its affiliated reporting persons have filed Amendment No. 2 to their Schedule 13D for Alkami Technology, Inc. (ALKT), reporting an increased ownership position. As of the event date on May 5, 2026, the group collectively beneficially owns 17,445,994 shares of common stock, representing 16.3% of the class. This reflects a series of open market purchases and block trades conducted between March 12, 2026, and May 6, 2026, involving over 2.5 million additional shares at weighted average prices ranging from $16.63 to $18.33 per share. The reporting persons acquired the shares for investment purposes and may engage in discussions with management or the board regarding strategic alternatives. Notably, the Company's board granted a waiver from Section 203 of the Delaware General Corporation Law, allowing the group to increase its beneficial ownership up to 19.9%. The filing persons include various General Atlantic funds and coinvestment vehicles controlled by the Partnership Committee of GASC MGP, LLC.