Aeluma (ALMU) Director Steven Denbaars Sells 25,000 Shares

What Happened
Steven Denbaars, a director of Aeluma, sold a total of 25,000 Aeluma (ALMU) shares in two open-market transactions: 12,500 shares on 2026-08-26 at a weighted average price of $13.84 ($173,044) and 12,500 shares on 2026-08-27 at a weighted average price of $13.82 ($172,698). Total proceeds reported were approximately $345,742. These were outright sales (transaction code S), which are typically routine dispositions rather than an explicit bullish signal.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-08-26 — 12,500 shares @ $13.84 (weighted avg); proceeds $173,044. (Footnote: sale prices ranged $13.57–$14.40.)
  • 2026-08-27 — 12,500 shares @ $13.82 (weighted avg); proceeds $172,698. (Footnote: sale prices ranged $13.59–$14.35.)
• Shares owned after transaction: Not specified in the details you provided / not stated in the excerpt.
• Plan/other notes: Filing does not indicate a 10b5-1 plan, tax withholding, or option exercise—these were open-market sales.
• Filing timeliness: Form 4 filed 2026-08-28 for transactions on Aug 26–27; this appears to be timely (Form 4 is typically due within two business days of the transaction).

Context
Sales by directors can be for many reasons (diversification, personal liquidity, tax planning) and do not, by themselves, prove a change in company outlook. Because these were open-market sales (not option exercises or gifts), the filing simply reports the disposition and the reported weighted-average prices and ranges provide detail on how the trades were executed.