Form 4: Alector Director Paula Hammond Sells 10,500 Shares Under 10b5-1 Trading Plan

Director Paula Hammond sold 10,500 shares of Alector, Inc. common stock on August 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 12, 2024, Paula Hammond, a director of Alector, Inc., sold 10,500 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on May 10, 2024.
• The shares were sold at a weighted average price of $5.0647, with individual transactions ranging from $5.005 to $5.160.
• Following the transaction, Hammond directly owns 60,209 shares of Alector, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine disclosure of an insider transaction. Sales by insiders are common and don't necessarily indicate a negative outlook for the company, especially when conducted under a pre-arranged trading plan like Rule 10b5-1.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates