---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-007443"
form_type: "8-K"
ticker: "ALEC"
cik: "0001653087"
company_name: "Alector, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:30:37.263588+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Alector reports ~1% cash at Silicon Valley Bank; no material impact expected

## Summary
- As of March 10, 2023, ~1% of total cash, cash equivalents, and marketable securities held at SVB.
- Majority of operating cash held at JPMorgan Chase & Co.; asset management portfolio custodied at U.S. Bancorp.
- Company does not use SVB for payroll; no material impact on operations or payroll obligations expected.
- FDIC appointed receiver for SVB; Treasury, Fed, FDIC approved full depositor protection on March 12.

## SEC filing metadata
- accession: 0000950170-23-007443
- form_type: 8-K
- ticker: ALEC
- cik: 0001653087
- company_name: Alector, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653087/000095017023007443/0000950170-23-007443-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653087/000095017023007443/alec-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007443
- JSON: https://secwatch.observer/filing/0000950170-23-007443.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007443.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.