Wong-Sarad Grace 4
Research Summary
AI-generated summary
Alector (ALEC) Principal Accounting Officer Wong-Sarad Grace Sells 1,000 Shares
What Happened
- Wong-Sarad Grace, Principal Accounting Officer at Alector, sold 1,000 shares of ALEC stock on March 10, 2026, at $2.65 per share, for total cash proceeds of $2,650. The sale was executed as an open-market transaction and is reported on a Form 4.
Key Details
- Transaction date and price: 2026-03-10 — 1,000 shares sold at $2.65 each.
- Proceeds: $2,650.
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnote: Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 5, 2025.
- Filing timeliness: Form 4 was filed on 2026-03-12 (appears to be within the standard two-business-day reporting window).
Context
- The sale was carried out under a pre-established 10b5-1 plan, which typically schedules trades in advance and can indicate routine disposition rather than a real-time view on the company. The amount is small relative to typical executive holdings, so this single transaction is unlikely by itself to signal a change in insider sentiment.