President Goff Gregory R sold 250,000 shares (22.7% of holdings) at $8.00; company posting losses amid 8.9% revenue growth
President Gregory R Goff sold 250,000 shares of Alight at $8.00 on 2024-11-27, reducing his holdings from 1,102,694 shares to 852,694 shares—a 22.7% reduction in stake. The company generated $555,000,000 in latest-quarter revenue with 8.9% annual growth, but reported a full-year net income of $-74,000,000, indicating persistent unprofitability despite topline expansion. The sale occurred at a price 0.1% below the current market price of $8.01 and 22.4% below the 52-week high of $10.32, suggesting the transaction was not executed during a peak valuation window. The timing and magnitude of this stake reduction by a top executive warrant attention given the company's loss-making position and the material shift in his ownership concentration.