{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-212426","form_type":"8-K","ticker":"ALEC","cik":"0001653087","company_name":"Alector, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.671763+00:00","generated_at":"2026-05-14T21:49:55.209890+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Alector enters $125M ATM equity facility with TD Cowen","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-212426","json":"https://secwatch.observer/filing/0001193125-26-212426.json","markdown":"https://secwatch.observer/filing/0001193125-26-212426.md","text":"https://secwatch.observer/filing/0001193125-26-212426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653087/000119312526212426/0001193125-26-212426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653087/000119312526212426/d910893d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:49:55.209890+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61558bf1260286042d7898232bbd73e0a5dc4459","claim":"Alector, Inc. entered into Sales Agreement with TD Securities (USA) LLC valued at up to $125,000,000 (effective 2026-05-07).","evidence_excerpt":"On May 7, 2026, Alector, Inc. (the “ Company ”) entered into a Sales Agreement (the “ Sales Agreement ”) with TD Securities (USA) LLC (“ TD Cowen ”), pursuant to which the Company may offer and sell from time to time through TD Cowen up to $125,000,000 of shares","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653087/000119312526212426/0001193125-26-212426-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"TD Securities (USA) LLC"},{"label":"Value","value":"up to $125,000,000"},{"label":"Effective","value":"2026-05-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}