Alector enters $125M ATM equity facility with TD Cowen

Alector, Inc.

May sell up to $125M of common stock from time to time through TD Cowen in at-the-market offerings.
TD Cowen will receive up to 3.0% of gross proceeds per share sold; no minimum sales obligation.
Proceeds intended for general corporate purposes, including R&D, manufacturing, and working capital.
Offered under effective shelf registration statement S-3 (File 333-294241) declared effective April 30, 2026.
Company may terminate agreement with 10 days' notice; contains standard representations and indemnities.

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