ALEC (NASDAQ: ALEC) insider files Form 144 to sell 3,367 restricted shares

Rhea-AI Filing Summary

ALEC filed a Form 144 reporting the proposed sale of 3,367 restricted common shares through Morgan Stanley Smith Barney LLC. The filing lists recent dispositions by Grace Wong-Sarad: 8,071 shares on 03/02/2026 with 17137.75, 4,079 shares on 02/26/2026 with 10197.50, and 4,753 shares on 12/05/2025 with 5751.13.

Insights

Insider Transactions Analyst

Form 144 reports a planned sale of 3,367 restricted shares and multiple recent dispositions by Grace Wong-Sarad.

The filing identifies a proposed sale of 3,367 restricted common shares to be executed through Morgan Stanley Smith Barney LLC. Past reported dispositions include 8,071 shares on 03/02/2026 with 17137.75.

These entries are administrative notifications of insider selling activity. Cash‑flow treatment and any trading method details beyond the broker name are not present in the excerpt; subsequent filings or broker statements would show execution specifics.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3367	7012.11	110362581	03/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2026	Restricted Stock	ISSUER			3367	03/01/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
GRACE WONG-SARAD 131 Oyster Point Blvd., Suite 600 South San Francisco CA 94080	Common	03/02/2026	8071	17137.75
GRACE WONG-SARAD 131 Oyster Point Blvd., Suite 600 South San Francisco CA 94080	Common	02/26/2026	4079	10197.50
GRACE WONG-SARAD 131 Oyster Point Blvd., Suite 600 South San Francisco CA 94080	Common	12/05/2025	4753	5751.13

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did ALEC report in the Form 144?

The filing reports a proposed sale of 3,367 restricted common shares through Morgan Stanley Smith Barney LLC. It also lists recent dispositions by Grace Wong-Sarad on 03/02/2026, 02/26/2026, and 12/05/2025.

Who is the reporting person for the sales in ALEC's filing?

The excerpt identifies Grace Wong-Sarad as the reporting person for recent sales and shows the proposed transaction routed through Morgan Stanley Smith Barney LLC. The filing lists multiple prior sale dates and quantities.

How many shares did Grace Wong-Sarad sell recently according to the filing?

The filing shows three recent dispositions: 8,071 shares on 03/02/2026, 4,079 shares on 02/26/2026, and 4,753 shares on 12/05/2025. Each line includes a corresponding cash figure.

What broker is handling the proposed ALEC sale?

The proposed sale of 3,367 restricted common shares is listed as to be sold through Morgan Stanley Smith Barney LLC, with an address shown as 1 New York Plaza, according to the excerpt.

Are proceeds or prices shown for the recent sales in the filing?

Yes. The excerpt pairs each reported disposition with numeric values: 17137.75 for the 03/02/2026 sale of 8,071 shares, 10197.50 for 4,079 shares on 02/26/2026, and 5751.13 for 4,753 shares on 12/05/2025.