Alector (ALEC) CFO Neil Berkley Sells 29,251 Shares

What Happened

• Berkley Neil Lindsay (listed as Berkley Neil Lindsay), Alector's CFO and Chief Business Officer, sold 29,251 shares of Alector common stock on 2026-09-03. The sales were reported at a weighted-average price of $2.66 per share for proceeds of approximately $77,948. This was a sale to satisfy tax obligations tied to the vesting of restricted stock units (RSUs), not a purchase.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-04 (timely filing).
• Transaction type/code: Sale (S) — open market/private sale reported as multiple transactions.
• Reported price: weighted average $2.66; trades ranged from $2.49 to $2.75 (footnote).
• Reason given: Sold to satisfy tax withholding on vested RSUs (footnote F1).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote access: full breakdown of shares sold at each price can be provided to the SEC, issuer, or any security holder upon request (footnote F2).

Context

• Sales to cover tax withholding on vested RSUs are common and generally considered routine administrative transactions rather than direct signals about the insider's view of the stock.
• The filing shows multiple sales at slightly different prices (range $2.49–$2.75); the weighted average of $2.66 is reported on the Form 4.