Gajendra Sanjay 4

What Happened

• Gajendra Sanjay, President & COO and a director of Astera Labs (ALAB), sold a total of 95,444 shares on 2026-05-18 for aggregate proceeds of approximately $21,476,951. The sales occurred in multiple tranches at weighted-average prices shown per lot (individual reported prices range roughly from $216.10 to $235.94).
• These were sales (not purchases). Per the filing, the disposals were to satisfy tax withholding obligations on vested restricted stock units (RSUs) and were automatic "sell-to-cover" transactions rather than discretionary open-market sales.

Key Details

• Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (timely).
• Total shares sold: 95,444; total proceeds: ~$21.48 million.
• Price range: weighted-average prices reported per tranche; overall trades occurred at prices roughly between $216.10 and $235.94 (see footnotes for specific tranche ranges).
• Reason/footnote: F1 — mandatory sell-to-cover to satisfy tax withholding on RSU vesting (automatic, not a personal decision to sell).
• Shares owned after transaction: Not specified in the provided summary—see the full Form 4 for post-transaction holdings.
• Other footnotes detail weighted-average pricing and certain shares owned by estate planning trusts (disclaimers of beneficial ownership).

Context

• Sell-to-cover transactions are a common method to cover tax withholdings when RSUs vest; they are routine and do not necessarily signal the insider's view on the company's prospects.
• No indication in the provided data of a 10b5-1 trading plan or discretionary sell decision; the filing identifies the sales as required for tax withholding.