Form 4: Alector Inc. Executive Sells Shares to Cover Tax Obligations

Alector Inc.'s President and Head of R&D, Sara Kenkare-Mitra, sold 26,500 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Sara Kenkare-Mitra, President and Head of R&D at Alector Inc., sold 26,500 shares of the company's 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, with individual transactions ranging from $2.5193 to $2.5194.
• Following the transaction, Ms. Kenkare-Mitra directly owns 565,215 shares of Alector Inc. 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 26,500 shares is not unusual for an executive at this level.
• The weighted average price of $2.5194 is within the expected range for the company's stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Alector Inc., Sara Kenkare-Mitra, stock sale, insider trading, restricted stock units, tax obligations, ALEC