SCHELLER RICHARD H 4

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.