Form 4: Alector CFO Sells Shares to Cover Tax Obligations

Alector's Chief Financial Officer, Marc Grasso, sold 16,489 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Alector's Chief Financial Officer, Marc Grasso, sold 16,489 shares of common stock on December 2, 2024.
• The sale was executed to satisfy tax obligations arising from the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $2.5194 per share.
• The transactions occurred at prices ranging from $2.5193 to $2.5195.
• Following the transaction, Mr. Grasso directly owns 330,651 shares of Alector common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• The sale of 16,489 shares by the CFO is not unusual for a company of Alector's size and stage.
• Similar transactions are regularly reported by executives at comparable biotech companies.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on the stock price, but it is not expected to be significant.
• The transaction is a normal part of executive compensation and should not be a concern for shareholders.

Key Dates

Keywords

Alector, ALEC, insider trading, Form 4, Marc Grasso, CFO, stock sale, restricted stock units, tax obligations