Alector (ALEC) CEO shifts 2.1M shares into family trusts
Rhea-AI Filing Summary
Alector, Inc. (ALEC) director and Chief Executive Officer Arnon Rosenthal reported a series of bona fide gift transfers of Alector common stock among family trusts on August 19, 2026. An indirect holding of 1,050,000 shares held by The Rosenthal Family Revocable Trust was gifted, while three separate family trusts each received 350,000 shares, all with a reported price of $0.0000 per share. After these transactions, Rosenthal reported 2,367,206 shares held directly, with the referenced trusts holding additional shares indirectly for which he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,100,000 shares gifted
Gift
5 txns
Insider
Rosenthal Arnon
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 1,050,000 | $0.00 | $0.00 |
| Gift | Common Stock F2 | 350,000 | $0.00 | $0.00 |
| Gift | Common Stock F3 | 350,000 | $0.00 | $0.00 |
| Gift | Common Stock F4 | 350,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,002,500 shares (Indirect, See footnote);
Common Stock — 2,367,206 shares (Direct)
Footnotes (4)
- F1. The reported securities are held directly by The Rosenthal Family Revocable Trust Dated November 4, 1994, as restated on June 9, 1999, for which the Reporting Person serves as trustee.
- F2. The reported securities are held directly by the Adi Rosenthal 2007 Trust dated March 27, 2007, for which the Reporting Person serves as trustee.
- F3. The reported securities are held directly by the Noam Rosenthal 2007 Trust dated March 27, 2007, for which the Reporting Person serves as trustee.
- F4. The reported securities are held directly by the Shani Rosenthal 2007 Trust dated March 27, 2007, for which the Reporting Person serves as trustee.
Key Figures
Shares gifted from Rosenthal Family Revocable Trust: 1,050,000 shares
Shares received by each 2007 family trust: 350,000 shares
Total shares involved in bona fide gift transactions: 2,100,000 shares
+2 more
5 metrics
Shares gifted from Rosenthal Family Revocable Trust
1,050,000 shares
Bona fide gift disposition on August 19, 2026 by trust for which the Reporting Person serves as trustee
Shares received by each 2007 family trust
350,000 shares
Bona fide gift acquisitions on August 19, 2026 by each of Adi, Noam, and Shani Rosenthal 2007 Trusts
Total shares involved in bona fide gift transactions
2,100,000 shares
Aggregate giftShares reported in transactionSummary
Direct holdings after transactions
2,367,206 shares
Total shares of Alector common stock held directly by Arnon Rosenthal following the reported transactions
Reported transaction price per share
$0.0000 per share
Price field for each bona fide gift of Alector common stock
Key Terms
bona fide gift, indirect, reporting person, trustee
4 terms
bona fide gift regulatory
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect financial
"ownership_type: indirect"
reporting person regulatory
"for which the Reporting Person serves as trustee"
trustee financial
"for which the Reporting Person serves as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transactions did ALEC CEO Arnon Rosenthal report on August 19, 2026?
Arnon Rosenthal reported four bona fide gift transactions in Alector common stock involving family trusts on August 19, 2026, plus an updated direct-holdings entry. The activity reflects reallocations among trusts for which he serves as trustee.
What are Arnon Rosenthal’s reported direct Alector (ALEC) holdings after these transactions?
Following the reported transactions, Arnon Rosenthal’s direct holdings are listed as 2,367,206 shares of Alector common stock. Additional shares are held indirectly through family trusts for which he acts as trustee.
Were the Alector (ALEC) insider transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not describe a trading plan. The transactions are characterized as bona fide gifts involving family trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
