Form 4: Alector CFO Marc Grasso Sells Shares to Cover Tax Obligations

Alector's Chief Financial Officer, Marc Grasso, sold shares of common stock on June 3, 2024, to satisfy tax obligations related to the vesting of restricted stock units.

Summary

• On June 3, 2024, Marc Grasso, the Chief Financial Officer of Alector, Inc., sold 6,920 shares of the company's common stock.
• The sale was executed at a weighted average price of $4.7988 per share, with individual transactions ranging from $4.7986 to $4.7988.
• The purpose of the sale was to cover Mr. Grasso's tax obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Mr. Grasso directly owns 138,037 shares of Alector's common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This sale appears to be a standard transaction to cover tax liabilities associated with equity compensation.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates