Douglas A Linebarger, Chief Legal Officer at Alkami Technology (NASDAQ:ALKT), reported a large exercise of company stock options on November 8, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Linebarger, Chief Legal Officer at Alkami Technology, a company in the Information Technology sector, just exercised stock options worth 60,000 shares of ALKT stock with an exercise price of $1.13.
Alkami Technology shares are trading down 0.23% at $21.33 at the time of this writing on Thursday morning. Since the current price is $21.33, this makes Linebarger's 60,000 shares worth $1,279,800.