{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-421080","form_type":"8-K","ticker":"ALEC","cik":"0001653087","company_name":"Alector, Inc.","filed_at":"2026-10-14T13:00:14+00:00","discovered_at":"2026-10-14T13:01:00.256993+00:00","generated_at":"2026-10-14T13:01:11.622535+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.32,"calibrated_materiality_score":0.32,"confidence":"high","headline":"Alector reprices ~4.05M underwater options to $1.87; CEO's 2.42M options included","bullets":["Board approved the repricing on Oct 13, 2026, setting a new exercise price of $1.87 per share, the closing price that day, versus original strikes of $6.48 to $33.11.","About 4.05 million shares underlie all repriced options; CEO and co-founder Arnon Rosenthal held 2,421,197 repriced options with original prices of $6.48 to $23.70.","Chief Accounting Officer Grace Wong-Sarad had 87,385 options repriced, originally struck at $9.46 to $23.70 per share.","Exercising before the Retention Period ends requires paying the original strike; the period ends at the earliest of one year, a change in control, or death/disability.","Share counts, expiration dates and vesting are unchanged; Alector says repricing avoids dilution from new grants and added cash compensation costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-421080","json":"https://secwatch.observer/filing/0001193125-26-421080.json","markdown":"https://secwatch.observer/filing/0001193125-26-421080.md","text":"https://secwatch.observer/filing/0001193125-26-421080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653087/000119312526421080/0001193125-26-421080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653087/000119312526421080/alec-20261013.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-14T13:01:11.622535+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}