ALEC (NASDAQ: ALEC) affiliate reports multiple common-stock sales in Mar 2026

Rhea-AI Filing Summary

ALEC filing a Form 144 reporting proposed and recent sales of Common Stock by an affiliate. The notice lists restricted shares issued on 06/01/2025 (1,489 shares) and 03/01/2025 (331 shares), and multiple completed dispositions by Grace Wong-Sarad in Feb–Mar 2026, including 8,071 shares on 03/02/2026 and 3,367 shares on 03/03/2026.

Insights

Insider Transactions Specialist

Form 144 lists issuer-restricted shares and several open-market dispositions by an affiliate.

The filing shows restricted stock entries dated 06/01/2025 and 03/01/2025 and multiple sales by Grace Wong-Sarad in Feb–Mar 2026. These are routine notices required when insiders or affiliates plan to sell restricted or control securities.

Cash flows from the reported sales are shown as proceeds (e.g., $17,137.75 on 03/02/2026); timing and further sale plans are subject to Rule 144 conditions and broker handling.

Key Figures

Restricted shares (06/01/2025): 1,489 shares Restricted shares (03/01/2025): 331 shares Sale on 03/02/2026: 8,071 shares +5 more

8 metrics

Restricted shares (06/01/2025) 1,489 shares Restricted stock issued on 06/01/2025

Restricted shares (03/01/2025) 331 shares Restricted stock issued on 03/01/2025

Sale on 03/02/2026 8,071 shares Disposition by Grace Wong-Sarad on 03/02/2026

Proceeds on 03/02/2026 $17,137.75 Proceeds reported for the 8,071-share sale on 03/02/2026

Sale on 03/03/2026 3,367 shares Disposition by Grace Wong-Sarad on 03/03/2026

Proceeds on 03/03/2026 $7,012.11 Proceeds reported for the 3,367-share sale on 03/03/2026

Sale on 02/26/2026 4,079 shares Disposition by Grace Wong-Sarad on 02/26/2026

Proceeds on 02/26/2026 $10,197.50 Proceeds reported for the 4,079-share sale on 02/26/2026

Key Terms

Restricted Stock, Form 144, Issuer

3 terms

Restricted Stock financial

"Restricted Stock | ISSUER | 1,489 | 06/01/2025"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Issuer financial

"Restricted Stock | ISSUER | 331 | 03/01/2025"

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	1820	4823.00	110362581	04/16/2026	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	06/01/2025	Restricted Stock	ISSUER			1489	06/01/2025	Not Applicable
Common	03/01/2025	Restricted Stock	ISSUER			331	03/01/2025	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	03/10/2026	1000	2650.00
GRACE WONG-SARAD 131 Oyster Point Blvd., Suite 600 South San Francisco CA 94080	Common	03/03/2026	3367	7012.11
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

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 does ALEC's Form 144 report?

It reports proposed and recent sales of Common Stock by an affiliate. The filing lists restricted shares issued on 06/01/2025 and 03/01/2025, and several completed sales by Grace Wong-Sarad in Feb–Mar 2026, with proceeds shown per trade.

Who sold shares according to the ALEC Form 144?

The filing shows sales by Grace Wong-Sarad. Multiple dispositions are listed in Feb–Mar 2026, including trades of 1,000; 3,367; 8,071; and 4,079 shares with proceeds indicated for each trade.

What restricted stock is noted in the ALEC filing?

Restricted stock entries are listed as issuer-restricted on 06/01/2025 (1,489 shares) and 03/01/2025 (331 shares). These lines identify the grant dates and share counts associated with the issuer.

Are proceeds from the sales disclosed in the ALEC Form 144?

Yes, each reported disposition shows proceeds per trade. Examples include $17,137.75 for 8,071 shares on 03/02/2026 and $10,197.50 for 4,079 shares on 02/26/2026.

Does this Form 144 mean immediate market impact for ALEC?

Not necessarily; Form 144 is a regulatory notice of intended or recent sales. It does not by itself quantify future market impact, which depends on additional trades, volumes, and market conditions not shown here.