Form 4: Alector PFO Sells Shares for Tax Obligations

Alector's Principal Financial Officer, Neil Lindsay Berkley, sold 15,842 shares of common stock to cover tax liabilities from RSU vesting.

Summary

• Neil Lindsay Berkley, Principal Financial Officer of Alector, Inc., sold 15,842 shares of common stock.
• The transaction occurred on September 2, 2025, at a weighted average price of $2.4968 per share.
• The shares were sold to satisfy tax obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Mr. Berkley directly owns 346,570 shares of Alector common stock.
• The sale price ranged from $2.30 to $2.59 per share across multiple transactions.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations from RSU vesting, which is a neutral event. It does not indicate a change in management's view of the company's prospects.

Positives

• The sale was for tax obligations related to RSU vesting, indicating a non-discretionary transaction rather than a lack of confidence in the company.

Negatives

• A reduction in direct insider ownership by 15,842 shares.

Industry Context

This is a routine insider transaction for tax purposes, common across all industries when restricted stock units vest. It does not reflect broader industry trends.

Stakeholder Impact

• Shareholders: A slight reduction in direct insider ownership, though for a non-discretionary reason.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

The transaction is a routine, non-discretionary sale by an officer to cover tax obligations related to RSU vesting. It does not reflect a change in the company's fundamentals or the officer's confidence in the company, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Alector, ALEC, Form 4, Insider Trading, Stock Sale, RSU Vesting, Tax Obligations, Neil Lindsay Berkley, Principal Financial Officer