Form 4 for ALIT Alight, Inc. / Delaware
Accepted 2021-12-22 00:00:00 ET · period of report 2021-12-14 · accession 0001209191-21-070975 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-22 | 2021-12-14 | ALIT | Scholl Stephan | CEO, Dir | F - Tax | — | -107.3K | 5.88M | -2% | — |
| D | 2021-12-22 | 2021-12-14 | ALIT | Scholl Stephan | CEO, Dir | M - OptEx | $11.50 | +145.0K | 5.98M | +2% | +$1.67M |
| D | 2021-12-22 | 2021-12-14 | ALIT | Scholl Stephan | CEO, Dir | M - OptEx | $2.21 | -145.0K | 0 | -100% | -$320.4K |
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 | 2021-12-14 | F | D | 107,300 | — | 5,876,595 | D | — | — | (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. (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. (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. |
| 2 | Common | Class A Common Stock | 2021-12-14 | M | A | 145,000 | $11.50 | 5,983,895 | D | — | — | (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. |
| 3 | Derivative | Warrants to purchase Class A Common Stock | 2021-12-14 | M | D | 145,000 | $2.21 | 0 | D | $11.50 · 2021-08-02 to 2026-07-02 | 145,000 Class A Common Stock | (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. |