Form 4: Alector Director Richard H. Scheller Sells 44,250 Shares
SEC Form 4 Filing
Richard H. Scheller, a director at Alector, Inc., sold 44,250 shares of common stock on August 22, 2024, at an average price of $5.1613.
Summary
- On August 22, 2024, Richard H. Scheller, a director of Alector, Inc., sold 44,250 shares of the company's common stock.
- The sale was executed at a weighted average price of $5.1613 per share.
- The prices ranged from $5.045 to $5.230.
- Following the transaction, Scheller still owns 35,000 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
This is a routine disclosure of insider trading activity. It is important to monitor insider transactions as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- Shareholders may react to the news of a director selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Richard H. Scheller sold shares of Alector, Inc. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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