Form 4: Alector CFO Marc Grasso Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alector's Chief Financial Officer, Marc Grasso, sold 7,297 shares of common stock on September 3, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Marc Grasso, the Chief Financial Officer of Alector, Inc., sold 7,297 shares of the company's common stock.
- The sale was executed to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $4.8815, with individual transactions ranging from $4.8815 to $4.8816.
- Following the transaction, Grasso directly owns 130,740 shares of Alector common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations after vesting of restricted stock units are a common practice among company executives.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock sale transaction. |
| 09/04/2024 | Date of signature on the SEC Form 4 filing. |
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