GAROFALO ELIZABETH A. 4

What Happened Elizabeth Garofalo, a director of Alector, Inc. (ALEC), received two equity awards on June 17, 2026: 28,700 restricted stock units (RSUs) and a 9,450-share derivative award (option). Both awards were reported as acquisitions at $0.00 per share (typical for compensation grants), so no cash changed hands in the filing.

Key Details

• Transaction date: 2026-06-17; transaction type: Award/Grant (code A).
• Awards: 28,700 RSUs (reported at $0.00) and 9,450-share derivative/option (reported at $0.00).
• Reported value: $0 cash paid; not an open-market purchase or sale.
• Shares owned after transaction: not specified in the public filing.
• Filing timeliness: filing date 2026-06-17 (appears timely); no late-filing flag shown.
• Footnotes:
  • RSU vesting (F1): RSUs vest on the earlier of June 17, 2027 or the issuer’s next annual meeting of stockholders.
  • Option vesting (F2): Option shares vest in 12 equal monthly installments starting July 17, 2026, but will vest in full on the earlier of the one-year anniversary of the grant or the next annual meeting.

Context These awards are standard director compensation and are not sales or purchases of already-traded stock. RSUs are restricted and cannot be sold until they vest; the option award vests monthly with an accelerated full-vest clause tied to the one-year anniversary or the next annual meeting. Such grants are routine for board members and reflect compensation, not an immediate market commitment.