Form 4: Alector CEO Arnon Rosenthal Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alector's CEO, Arnon Rosenthal, sold 26,499 shares of common stock on September 3, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Arnon Rosenthal, CEO of Alector, Inc., sold 26,499 shares of Alector's common stock.
- The sale was executed at a weighted average price of $4.8827 per share, with individual transactions ranging from $4.8827 to $4.8828.
- The purpose of the sale was to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Rosenthal directly owns 1,948,746 shares and indirectly owns 1,972,875 shares through The Rosenthal Family Revocable Trust.
- Rosenthal also indirectly owns 652,500 shares each through the Adi Rosenthal 2007 Trust, the Noam Rosenthal 2007 Trust, and the Shani Rosenthal 2007 Trust, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale is related to tax obligations, which is a neutral event.
Industry Context
Sales of shares to cover tax obligations after vesting of restricted stock units are a common practice among company executives and are generally not indicative of a negative outlook on the company's future.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 1994-11-04 | Date of The Rosenthal Family Revocable Trust Dated November 4, 1994 |
| 1999-06-09 | Date of restatement of The Rosenthal Family Revocable Trust |
| 2007-03-27 | Date of Adi Rosenthal 2007 Trust, Noam Rosenthal 2007 Trust, and Shani Rosenthal 2007 Trust |
| 2024-09-03 | Date of the stock sale transaction |
| 2024-09-04 | Date of signature for the SEC filing |
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