ALEC Alector, Inc.

BEARISH Impact: 6/10 8-K

Horizon weeks Filed May 7, 2026 Processed 1mo ago SEC 0001193125-26-212426

8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)

Latest settled — T+20d

ALEC ▼ -22.14% at T+20d

SHORT call ✓ call won +22.14% · α vs SPY +22.17% · entry $2.10 → $1.64

Next anchor: T+60d in 7w

Currently $1.53 · +27.14% from $2.10 entry (call sign-flipped)

Entry anchored
May 7, 03:59 PM ET
via Databento tick

T+1d

-2.38%

call +2.38% · α +2.61%

$2.05

settled 5w ago

T+5d

+9.52%

call -9.52% · α -8.06%

$2.30

settled 4w ago

T+20d

-22.14%

call +22.14% · α +22.17%

$1.64

settled 8d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Alector entered into an at-the-market (ATM) equity offering agreement with TD Cowen to sell up to $125M of common stock, representing ~44% of current market cap. The filing signals significant potential dilution, which weighs heavily on existing shareholders.

Actionable Insight

Expect near-term downward pressure due to dilution overhang. Monitor actual share sales in subsequent quarterly filings to gauge execution pace. No immediate catalyst to offset the dilutive impact.

Key Facts

ATM facility for up to $125M of common stock via TD Cowen
Commission up to 3% of gross proceeds
Proceeds for general corporate purposes (R&D, working capital, etc.)
Companys market cap is ~$285M, making $125M ~44% dilutive

Financial Impact

$125M potential equity raise, up to ~44% dilution at current price of $2.57

dilutionshare_count

Risk Factors

Accelerated share sales could depress stock price further
Proceeds deployment may not generate immediate returns
Market conditions may limit ability to sell at favorable prices

Market Snapshot

Exchange

Nasdaq

Sector

Biological Products, (No Diagnostic Substances)

Analyst Consensus

57% bullish (14 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-212426
Document: d910893d8k.htm	0001193125-26-212426
Document: d910893dex51.htm	0001193125-26-212426
Document: 0001193125-26-212426-index-headers.html	0001193125-26-212426
Document: 0001193125-26-212426-index.html	0001193125-26-212426
Document: 0001193125-26-212426.txt	0001193125-26-212426

6 reports for ALEC

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for ALEC — sortable, filterable
	Type				Now
Jun 11, 2026 1d ago	Institutional Cluster NEUTRAL ★ 4/10	$1.53 awaiting T+1	awaiting T+1	—	$1.53 (−0.00%)
Jun 3, 2026 9d ago	Insider Cluster NEUTRAL ★ 3/10	$1.81 $1.64	▼ −9.67%	▼ −7.07%	$1.53 (−15.47%)
May 7, 2026 5w ago	8-K BEARISH ★ 6/10	$2.10 $2.05	▲ +2.38%	▲ +2.61%	$1.53 (+27.14%)
Mar 12, 2026 13w ago	S-3 BEARISH ★ 7/10	$2.20 $2.21	▼ −0.45%	▲ +0.57%	$1.53 (+30.45%)
Mar 2, 2026 14w ago	Insider Cluster BEARISH ★ 5/10	$2.21 $2.11	▲ +4.52%	▲ +3.61%	$1.53 (+30.77%)
Feb 26, 2026 15w ago	Insider Cluster NEUTRAL ★ 3/10	$2.56 $2.43	▼ −5.08%	▼ −4.63%	$1.53 (−40.23%)

US Market Status

Market Closed — Opens Mon (48h 59m)

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