Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 30

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 30
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 certain exceptions (including in respect of management equity in the form of options, rights or other securities which have not been converted into or exercised for Alight common stock). In addition, the Alight Holdings limited liability company agreement permits Alight, in its capacity as the managing member of Alight Holdings, to take actions to maintain such ratio, including undertaking stock splits, combinations, recapitalization and exercises of the 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, 

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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. As of March 31, 2025, the total remaining amount authorized for repurchase was $261 million.During the three months ended March 31, 2025, there were 3,245,932 Class A Common Stock shares repurchased under the Program. Repurchased shares are reflected as Treasury Stock on the Condensed Consolidated Balance Sheets as a component of equity. The following table reflects the changes in our outstanding stock:Class AClass B-1 Class B-2 Class V Class Z TreasuryBalance at December 31, 2024531,703,8624,978,8074,978,807510,237—28,755,570Conversion of noncontrolling interest122——(122)——Shares granted upon vesting3,348,634—————Issuance for compensation to non-employees(1)63,468—————Share repurchases(3,245,932)————3,245,932Share forfeitures—(23,510)(23,510)———Balance at March 31, 2025531,870,1544,955,2974,955,297510,115—32,001,502Class A (2)Class B-1