Form 4: Alector CFO Marc Grasso Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alector's Chief Financial Officer, Marc Grasso, sold shares of common stock on March 4, 2024, to satisfy tax obligations related to the vesting of restricted stock units.
Summary
- On March 4, 2024, Marc Grasso, the Chief Financial Officer of Alector, Inc., sold 5,716 shares of Alector'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 $6.9212, with individual transactions ranging from $6.9207 to $6.9213.
- Following the transaction, Grasso directly owns 144,957 shares of Alector common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine financial activity and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Marc Grasso sold shares of Alector common stock. |
| 03/05/2024 | Date of report: Form 4 filing date. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.