Klamkin Jonathan 4

What Happened
Jonathan Klamkin, CEO of Aeluma, sold 20,000 shares of Aeluma, Inc. (ALMU) in open‑market transactions on May 1, 2026, realizing approximately $499,273 total. The sales were effected under a Rule 10b5‑1 trading plan adopted December 3, 2025. Separately, the filing reports multiple gift transfers (no proceeds) during December 2025 and early 2026, including the transfer of 1,476,995 shares to a family trust in December 2025 (the reporting person and his spouse are the sole trustees).

Key Details

• Sale date: May 1, 2026 — total 20,000 shares sold for $499,273.
  • 4,300 shares at weighted avg $24.20 (sale prices ranged $23.62–$24.61) — $104,057 (F3)
  • 15,024 shares at weighted avg $25.15 (range $24.62–$25.61) — $377,834 (F4)
  • 676 shares at weighted avg $25.71 (range $25.62–$26.02) — $17,382 (F5)
• Sales were open‑market under a Rule 10b5‑1 plan adopted Dec 3, 2025 (F2), meaning they were prearranged trades.
• Gift transfers: 1,476,995 shares moved to a family trust in Dec 2025 (reported trustees: the reporting person and spouse) and additional gift transfers of smaller amounts in Mar–May 2026 (no cash exchanged) (F1).
• Shares owned after the reported transactions are not specified in the provided excerpt; footnote F6 notes that reported ownership totals may not foot because of interim sales reported earlier.
• Filing: Report filed May 5, 2026 covering transactions back to Dec 19, 2025 — appears to be a late filing (L).

Context: Gifts and intra‑family transfers are not market purchases and generally do not signal insider sentiment. The May 1 sales were carried out under a preexisting 10b5‑1 plan, which typically indicates scheduled disposition rather than opportunistic selling. For full per‑price breakdowns, the filer offers to provide the exact number of shares sold at each separate price upon request (see F3–F5).