Form 4: Alector CEO Arnon Rosenthal Sells Shares to Cover Tax Obligations

Alector's CEO, Arnon Rosenthal, sold 18,837 shares of common stock on March 4, 2024, to satisfy tax obligations related to vesting restricted stock units.

Summary

• On March 4, 2024, Arnon Rosenthal, CEO of Alector, Inc., sold 18,837 shares of Alector's common stock.
• The sale was executed at a weighted average price of $6.9218 per share, with individual transactions ranging from $6.9217 to $6.9219.
• The purpose of the sale was to cover Mr. Rosenthal's tax obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Mr. Rosenthal directly owns 2,000,380 shares of Alector common stock.
• Mr. Rosenthal also indirectly owns shares through several family trusts: The Rosenthal Family Revocable Trust (652,500 shares), the Adi Rosenthal 2007 Trust (652,500 shares), the Noam Rosenthal 2007 Trust (652,500 shares), and the Shani Rosenthal 2007 Trust (652,500 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a routine stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with equity-based compensation like RSUs. The sale itself doesn't necessarily indicate a lack of confidence in the company's future prospects.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price.

Key Dates