Form 4: Alector Director Louis J. Lavigne Jr. Granted Significant Equity Awards

Alector, Inc. Director Louis J. Lavigne Jr. was granted 28,700 restricted stock units and options to purchase 9,450 shares of common stock, signaling continued alignment with shareholder interests.

Summary

• Alector, Inc. Director Louis J. Lavigne Jr. was granted 28,700 Restricted Stock Units (RSUs) on June 11, 2025.
• These RSUs will vest on the earlier of June 11, 2026, or the date of Alector's next annual meeting of stockholders.
• Mr. Lavigne Jr. also received options to purchase 9,450 shares of common stock at an exercise price of $1.63 per share on June 11, 2025.
• The stock options will vest in 12 equal monthly installments starting July 11, 2025, or fully vest on the earlier of the one-year anniversary of the grant date or the date of the Issuer's next annual meeting of stockholders.
• Following these transactions, Mr. Lavigne Jr. directly beneficially owns 99,409 shares of common stock and 9,450 stock options.
• Additionally, 10,552 shares are indirectly beneficially owned through Lavrite, LLC, where Mr. Lavigne Jr. serves as managing director.

Sentiment

Score: 7

Explanation: The grant of equity awards to a director is a positive signal, aligning management incentives with shareholder value. It indicates continued commitment from key personnel.

Positives

• The grant of 28,700 Restricted Stock Units (RSUs) and options for 9,450 shares to a director aligns management's interests with those of shareholders.
• Equity grants at a $0.00 price for RSUs and a $0.00 price for options (implying they are part of compensation) are common for director compensation and incentivize long-term performance.
• The vesting schedules for both RSUs and stock options encourage long-term commitment and performance from the director.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The indirect beneficial ownership of 10,552 shares through Lavrite, LLC, where the reporting person serves as managing director, is disclosed.

Stakeholder Impact

• Shareholders: The equity grants to a director can be seen as a positive signal, aligning the director's long-term interests with shareholder value creation. It may also dilute existing shares slightly upon vesting/exercise, but this is standard for equity compensation.

Next Steps

• Vesting of 28,700 Restricted Stock Units (RSUs) on the earlier of June 11, 2026, or the date of the next annual meeting of stockholders.
• Monthly vesting of 9,450 stock options beginning July 11, 2025, or full vesting on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders.

Key Dates

Recommendation

Keywords

Alector, ALEC, SEC Form 4, insider transaction, restricted stock units, RSUs, stock options, equity grant, director compensation, beneficial ownership, Louis J. Lavigne Jr.