Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 125

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 exchange rights of holders of Alight Holdings units.Share Repurchase ProgramOn August 1, 2022, the Company's Board of Directors authorized a share repurchase program (the "Program"), under which the Company may repurchase issued and outstanding shares of Class A Common Stock from time to time, depending on market conditions and alternate uses of capital. The Program has no expiration date and may be suspended or discontinued at any time. The Program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to any number of shares being repurchased by the Company. On February 13, 2025, the Company’s Board of Directors authorized the repurchase of up to an additional $200 million of the Company’s Class A common stock, providing a total amount authorized for repurchase of $281 million after giving effect to the increase. During the three and nine months ended September 30, 2025, the Company repurchased 6,580,136 and 13,881,417 shares of Class A Common Stock, respectively, for an aggregate purchase price of $25 million and $65 million, respectively. Repurchased shares are reflected as Treasury Stock on the Condensed Consolidated Balance Sheets as a component of equity. As of September 30, 2025, the total remaining amount authorized for repurchase was $216 million.

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The following table reflects the changes in our outstanding stock:Class AClass B-1Class B-2Class VClass ZTreasuryBalance at June 30, 2025528,773,5524,955,2974,955,297510,115—36,056,851Conversion of noncontrolling interest——————Shares granted upon vesting400,475—————Issuance for compensation to non-employees (1)46,297—————Share repurchases(6,580,136)————6,580,136Share forfeitures——————Balance at September 30, 2025522,640,1884,955,2974,955,297510,115—42,636,987Class AClass B-1 Class B-2 Class V Class Z TreasuryBalance at June 30, 2024540,804,3884,914,9394,914,939554,568578,09916,562,453Conversion of noncontrolling interest529,751——(529,751)——Shares granted upon vesting1,653,54063,86863,868