Form 4: Alector's Chief Medical Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary Romano, Chief Medical Officer of Alector, Inc., sold 8,040 shares of common stock on June 3, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On June 3, 2024, Gary Romano, the Chief Medical Officer of Alector, Inc., sold 8,040 shares of the company's common stock.
- The sale was executed at a weighted average price of $4.7987 per share.
- The shares were sold to cover the reporting person's tax obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Romano directly owns 188,273 shares of Alector's common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) by a company executive, which is neither particularly positive nor negative.
Industry Context
Sales of shares by company executives are a routine part of corporate governance. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the stock sale transaction. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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