---
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"
generated_at: "2026-05-14T21:49:55.209890+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Alector enters $125M ATM equity facility with TD Cowen

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-212426
- JSON: https://secwatch.observer/filing/0001193125-26-212426.json
- Plain text: https://secwatch.observer/filing/0001193125-26-212426.txt

## Key facts
- Material Agreements
  Alector, Inc. entered into Sales Agreement with TD Securities (USA) LLC valued at up to $125,000,000 (effective 2026-05-07).
  - Action: entry
  - Agreement: atm program
  - Counterparty: TD Securities (USA) LLC
  - Value: up to $125,000,000
  - Effective: 2026-05-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653087/000119312526212426/0001193125-26-212426-index.htm

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