September 2, 2025 · Form 4 insider transaction
Rosenthal Arnon sold 51,562 shares of ALEC at $2.50 per share, a transaction worth $128.7K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of restricted stock units, or RSUs.; The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.30 to $2.59. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff, the issuer, or any security holder of the issuer upon request.; The reported amount excludes 150,000 shares previously reported as performance share units, or PSUs. Because the performance metrics were not attained during the PSU measurement period, these PSUs were forfeited on May 6, 2025.