Form 4: Alector Inc. Executive Sara Kenkare-Mitra Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sara Kenkare-Mitra, President and Head of R&D at Alector Inc., sold shares of common stock on March 4, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 4, 2024, Sara Kenkare-Mitra, President and Head of R&D at Alector Inc., sold 10,169 shares of Alector's common stock.
- The shares were sold at a weighted average price of $6.9217, with individual transactions ranging from $6.9217 to $6.9218.
- The sale was executed to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Kenkare-Mitra directly owns 318,847 shares of Alector Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment regarding the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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