Mohan Jitendra 4

What Happened

• Mohan Jitendra, CEO of Astera Labs, sold a total of 94,971 shares on Feb 17, 2026 in a series of open-market dispositions (all reported as sales). The five reported blocks:
  • 5,841 shares at a weighted avg $122.16 — $713,523
  • 33,647 shares at a weighted avg $122.84 — $4,133,346
  • 28,183 shares at a weighted avg $123.93 — $3,492,680
  • 18,115 shares at a weighted avg $124.66 — $2,258,165
  • 9,185 shares at a weighted avg $126.34 — $1,160,433
  • Aggregate proceeds ≈ $11.76 million.
• These were sales (S) and, per the filing, were automatic sell-to-cover transactions to satisfy tax withholding on vesting/settlement of previously granted restricted stock units — not discretionary open-market selling by the CEO.

Key Details

• Transaction date: Feb 17, 2026; Form 4 filed Feb 19, 2026 (filing does not indicate late status).
• Prices: reported as weighted averages; underlying trade price ranges reported in footnotes:
  • First block ranged $122.10–$122.28 (F2)
  • Second block ranged $122.32–$123.30 (F3)
  • Third block ranged $123.33–$124.32 (F4)
  • Fourth block ranged $124.35–$125.32 (F5)
  • Fifth block reported as $126.34 (no range footnote)
• Shares owned after transaction: not specified in the summary data provided in this request (check the full Form 4 for post-transaction holdings).
• Notable footnotes:
  • F1: Sales were automatic "sell to cover" to satisfy tax withholding on RSU vesting — indicates these were not discretionary trades by the CEO.
  • F6–F11: Several entries note shares owned by various trusts or living-trust structures and disclaimers of beneficial ownership for those trust-held shares.
• Transaction code: S = Sale; footnote F1 aligns with tax-withholding (F = tax withholding).

Context

• Sell-to-cover transactions are common when restricted stock units vest and the company or insider elects to sell some shares to pay the associated taxes; such sales are generally considered routine and do not necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases by insiders are often viewed as more informative than routine sell-to-cover events. This filing should be interpreted as a tax-related disposition unless other filings indicate discretionary selling.