On November 18, 2022, Merline Saintil, a member of the Board of Directors (the Board") of Alkami Technology, Inc. (the Company"), notified the Company of her resignation from the Board, effective December 31, 2022. Ms. Saintil has indicated that her departure from the Board was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. In addition, on November 18, 2022, Michael Hansen, the Company's former Chief Executive Officer and a member of the Board, notified the Company of his resignation from the Board, effective December 31, 2022, in connection with the completion of his Board service as contemplated by his Transition and Separation Agreement with the Company, dated November 4, 2021.

Mr. Hansen has indicated that his departure from the Board was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On November 18, 2022, the Board appointed Maria I. Alvarez to the Board, effective January 1, 2023, to fill the vacancy created by the departure of Mr. Hansen. Ms. Alvarez will serve as a Class I director with a term expiring at the Company's Annual Meeting of Stockholders in 2025.

The Board also appointed Ms. Alvarez to serve on its Information Systems Audit Committee.