Form 4 for ALIT Alight, Inc. / Delaware
Accepted 2021-12-22 00:00:00 ET · period of report 2021-12-20 · accession 0000899243-21-049468 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-12-22 | 2021-12-20 | ALIT | Cannae Holdings, Inc. | Dir, 10% | D - Sale to Iss | — | -3.70M | 45.50M | -8% | — |
| DI | 2021-12-22 | 2021-12-20 | ALIT | Cannae Holdings, Inc. | Dir, 10% | M - OptEx | — | +5.00M | 49.20M | +11% | — |
| DI | 2021-12-22 | 2021-12-20 | ALIT | Cannae Holdings, Inc. | Dir, 10% | M - OptEx | — | -5.00M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2021-12-20 | D | D | 3,700,000 | — | 45,503,737 | I See note | — | — | (F2) Represents shares of Class A common stock deemed withheld by the Issuer from Cannae Holdings, LLC in connection with the make-whole exercise on a cashless basis pursuant to the Warrant Agreement. (F1) Cannae Holdings, LLC exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. Cannae Holdings, LLC received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. (F3) Represents shares of Class A common stock held directly as follows: 41,300,000 by Cannae Holdings, LLC and 4,203,737 by Cannae Funding, LLC. (F4) Cannae Holdings, LLC and Cannae Funding, LLC are wholly owned subsidiaries of Cannae Holdings, Inc. |
| 2 | Common | Class A common stock | 2021-12-20 | M | A | 5,000,000 | — | 49,203,737 | I See note | — | — | (F1) Cannae Holdings, LLC exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. Cannae Holdings, LLC received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. (F4) Cannae Holdings, LLC and Cannae Funding, LLC are wholly owned subsidiaries of Cannae Holdings, Inc. |
| 3 | Derivative | Warrants to purchase Class A common stock | 2021-12-20 | M | D | 5,000,000 | — | 0 | I See note | — · 2021-08-02 to — | 5,000,000 Class A common stock | (F5) Not applicable. (F4) Cannae Holdings, LLC and Cannae Funding, LLC are wholly owned subsidiaries of Cannae Holdings, Inc. (F1) Cannae Holdings, LLC exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. Cannae Holdings, LLC received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. |