Alector reprices employee stock options to $1.87, covering about 4.05 million shares
Alector's board approved a repricing of underwater employee stock options on October 13, 2026, resetting their exercise price to $1.87 per share, the closing price that day. The repricing includes options held by CEO Arnon Rosenthal and Chief Accounting Officer Grace Wong-Sarad, and employees who exercise before the one-year Retention Period ends must pay the original exercise price instead.
Key points
- Eligible options with exercise prices above $1.87 held by current employees were repriced to $1.87 per share, effective October 13, 2026.
- Approximately 4.05 million shares underlie all repriced options, which previously had exercise prices ranging from $6.48 to $33.11.
- CEO Arnon Rosenthal holds options on 2,421,197 shares, and Chief Accounting Officer Grace Wong-Sarad holds options on 87,385 shares, both included in the repricing.
- Exercises before the Retention Period ends, which runs up to one year, require payment of the original exercise price; expiration dates and vesting were not changed.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.