SCHELLER RICHARD H 4
4 · Alector, Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Alector Director Richard Scheller Receives RSU/Option Awards
What Happened
Richard H. Scheller, a director of Alector, Inc. (ALEC), was granted compensation awards on 2026-06-17 consisting of 28,700 restricted stock units (RSUs) and 9,450 derivative awards. Both grants were reported at $0.00 per share (awards, not purchases), i.e., no cash paid by the insider. These are compensation grants rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-17 (Filed same day). Transaction code: A (award/grant).
- Awards: 28,700 RSUs @ $0.00; 9,450 derivative award units @ $0.00.
- Vesting (footnotes):
- F1 (RSUs): Vest on the earlier of June 17, 2027 or the issuer’s next annual meeting of stockholders.
- F2 (derivative award): Vest in 12 equal monthly installments beginning July 17, 2026, but will vest in full on the earlier of the one‑year anniversary of grant or the next annual meeting.
- Shares owned after transaction: not stated in the provided Form 4 excerpt.
- Timeliness: Filing lists the same report and filing date (2026-06-17) — appears timely.
- No 10b5-1 plan, tax-withholding sale, or immediate cashless sale noted in the provided details.
Context
RSU and option-style awards are standard director compensation and do not represent an outlay of cash or an immediate market buy/sell. They typically convert to shares (and become taxable) as they vest according to the schedules above. Such grants are informative about compensation but are not direct bullish/bearish trades by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-17+28,700→ 134,899 total - Award
Stock Option (right to buy)
[F2]2026-06-17+9,450→ 9,450 totalExercise: $0.00Exp: 2036-06-16→ Common Stock (9,450 underlying)
Footnotes (2)
- [F1]The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders.
- [F2]The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.