Alector (ALEC) board member receives new RSUs and long-dated stock options

Rhea-AI Filing Summary

Hammond Paula reported acquisition or exercise transactions in this Form 4 filing.

Alector, Inc. director Paula Hammond received new equity awards in the form of restricted stock units and stock options. She was granted 28,700 RSUs that vest on the earlier of June 17, 2027 or the company’s next annual stockholder meeting. She also received a stock option covering 9,450 shares of common stock, vesting in 12 equal monthly installments beginning July 17, 2026, with full vesting no later than the earlier of one year from grant or the next annual meeting. Following these awards, Hammond directly holds 103,609 shares of Alector common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hammond Paula

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	9,450	$0.00	--
Grant/Award	Common Stock	28,700	$0.00	--

Holdings After Transaction: Stock Option (right to buy) — 9,450 shares (Direct, null); Common Stock — 103,609 shares (Direct, null)

Footnotes (1)

1. The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders. The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.

Key Figures

RSU grant size: 28,700 shares Stock option grant: 9,450 shares Post-grant holdings: 103,609 shares +3 more

6 metrics

RSU grant size 28,700 shares Restricted stock units vesting by June 17, 2027 or next annual meeting

Stock option grant 9,450 shares Option on common stock vesting in 12 monthly installments

Post-grant holdings 103,609 shares Total Alector common stock directly held after reported transactions

RSU vesting date June 17, 2027 Latest vesting date, or earlier at next annual meeting of stockholders

Option vest start July 17, 2026 Monthly vesting of stock option begins on this date

Option expiration June 16, 2036 Expiration date of the granted stock option if unexercised

Key Terms

restricted stock units, RSUs, Stock Option (right to buy), vest, +1 more

5 terms

restricted stock units financial

"The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Stock Option (right to buy) financial

"Stock Option (right to buy)"

vest financial

"The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual meeting of stockholders financial

"The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hammond Paula

(Last) (First) (Middle)

C/O ALECTOR, INC.

131 OYSTER POINT BLVD., SUITE 600

(Street)

SOUTH SAN FRANCISCO CALIFORNIA 94080

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Alector, Inc. [ ALEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		A		28,700(1)	A	$0.00	103,609	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0	06/17/2026		A		9,450		(2)	06/16/2036	Common Stock	9,450	$0	9,450	D

Explanation of Responses:

1. The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders.

2. The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.

	/s/ Grace Wong-Sarad, by power of attorney	06/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Alector (ALEC) director Paula Hammond report in this Form 4?

Paula Hammond reported receiving new equity awards from Alector, Inc., not buying shares on the open market. The awards include restricted stock units and stock options granted as part of her director compensation, increasing her direct holdings in the company’s common stock.

How many Alector (ALEC) RSUs were granted to Paula Hammond?

Paula Hammond was granted 28,700 restricted stock units (RSUs) of Alector common stock. These RSUs vest in full on the earlier of June 17, 2027 or the date of Alector’s next annual meeting of stockholders, aligning vesting with the company’s annual governance cycle.

What are the terms of Paula Hammond’s new Alector (ALEC) stock option grant?

Hammond received a stock option covering 9,450 shares of Alector common stock. The option vests in 12 equal monthly installments starting July 17, 2026, and will be fully vested by the earlier of one year from grant or Alector’s next annual stockholder meeting.

How many Alector (ALEC) shares does Paula Hammond hold after these grants?

After the reported grants, Paula Hammond directly holds 103,609 shares of Alector common stock. This figure reflects her total direct ownership following the RSU and stock option awards disclosed in this Form 4 insider transaction report.

Do Paula Hammond’s Alector (ALEC) RSUs vest immediately?

The RSUs do not vest immediately; they have a time-based schedule. All 28,700 RSUs vest on the earlier of June 17, 2027 or the date of Alector’s next annual meeting of stockholders, tying vesting to either tenure or the upcoming shareholder meeting.

When do Paula Hammond’s Alector (ALEC) stock options fully vest and expire?

The stock options vest monthly over one year, beginning July 17, 2026, with full vesting no later than the earlier of one year from grant or Alector’s next annual meeting. The options expire on June 16, 2036 if not exercised by then.