Key facts
- This page summarizes Terrance McGuire's Form 4 filing for Alector, Inc. (ALEC).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 13 Sep 2023, 16:29.
Terrance McGuire - 11 Sep 2023 Form 4 Insider Report for Alector, Inc. (ALEC)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- ALEC
- Reported as of
- 11 Sep 2023
- Net transaction value
- -$3,000,000
- SEC form
- 4
- Accepted by SEC
- 13 Sep 2023, 16:29:03 UTC
- Prior SEC filing
- 24 Aug 2023
- Next SEC filing
- 04 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lauren Crockett, as attorney in fact for Terrance G. McGuire
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Terrance McGuire filed Form 4 for Alector, Inc. (ALEC) on 13 Sep 2023.
Change
- Previous filing in this sequence was filed on 24 Aug 2023.
- Current net transaction value: -$3,000,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ALEC
transaction
Common Stock
Sale
- Transaction value
- $3,000,000
- Shares
- -500,000
- Change %
- -4.4%
- Price
- $6.00
- Shares after
- 10,853,817
- Date
- 11 Sep 2023
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
ALEC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 54,996
- Date
- 11 Sep 2023
- Ownership
- Direct
- Footnotes
- F4
ALEC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 39,399
- Date
- 11 Sep 2023
- Ownership
- See footnote
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
27,606 shares were sold by Polaris Venture Partners Founders' Fund VI, L.P. ("PVPFF VI"), 379,180 shares were sold by Polaris Venture Partners VI (AIV), L.P. ("PVP VI AIV") and 93,214 shares were sold by Polaris Venture Partners VI (AIV-B), L.P. (p/k/a PVP VI (AIV) Feeder Corp. Holding Partnership, L.P., "PVP VI AIV-B" and, together with PVPFF VI, PVP VI AIV and Polaris Venture Partners VI, L.P. ("PVP VI"), the "Polaris Funds").
Footnote F2
(Continued from footnote 1) The general partner of each of the Polaris Funds is Polaris Venture Management Co. VI, L.L.C. ("PVM"). Each of Amir Nashat, Brian Chee, David Barrett, Bryce Youngren, Jonathan Flint, and the Reporting Person, a member of the Issuer's board of directors, are managing members of PVM (collectively, the "Managing Members") and may be deemed to have shared power to vote and dispose of the shares held by the Polaris Funds. Each of the Managing Members and PVM disclaims beneficial ownership of the securities held by the Polaris Funds, and this report shall not be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interest therein.
Footnote F3
599,251 shares are held by PVPFF VI, 7,831,004 shares are held by PVP VI AIV, 1,925,094 shares are held by PVP VI AIV-B and 498,468 shares are held by PVP VI. Each of the Managing Members and PVM disclaims beneficial ownership of the securities held by the Polaris Funds, and this report shall not be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interest therein.
Footnote F4
26,250 of such shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 14, 2024 or (ii) the date of the Issuer's next annual meeting of stockholders.
Footnote F5
Shares held by McGuire Family Trust. The Reporting Person, a member of the Issuer's board of directors, is the donor of McGuire Family Trust and may be deemed to have shared power to vote and dispose of the shares held by McGuire Family Trust.