Alector, Inc. says some directors and officers are leaving, while new ones are being chosen and hired.

ALEC · Alector, Inc.

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This may help keep staff because many existing options could not be used at the current share price. The lower price also gives workers more potential value if shares rise, though they must pay the old price if they use options during the retention period. The number of covered shares stays the same, and Alector says this avoids extra grants or cash pay. The filing does not show whether staff retention improves or research results change.