Gajendra Sanjay 4
4 · Astera Labs, Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Astera Labs (ALAB) President Gajendra Sanjay Sells 400,000 Shares
What Happened
Gajendra Sanjay, President and COO (and a director) of Astera Labs (ALAB), sold a total of 400,000 shares in open‑market transactions on May 21, 2026 for aggregate proceeds of approximately $116.12 million. The sales were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted December 2, 2025. On May 22, 2026 he also transferred 226,189 shares to an estate planning trust (no consideration), reported as a gift/transfer.
Key Details
- Transaction dates: sales on 2026-05-21; transfer/gift to trust on 2026-05-22. Filing date: 2026-05-26. Filing appears timely.
- Shares sold: 400,000 total, broken into five blocks: 136,709 @ $289.13 (≈ $39.53M), 137,294 @ $290.21 (≈ $39.84M), 73,300 @ $291.28 (≈ $21.35M), 47,710 @ $292.14 (≈ $13.94M), 4,987 @ $293.03 (≈ $1.46M). Aggregate proceeds ≈ $116.12M.
- Price details: each reported price is a weighted average; underlying trade price ranges by block were roughly $288.80–$293.50 per share (see filing footnotes for exact ranges).
- Transfer/gift: 226,189 shares moved to "Trust 1" for no consideration on 2026-05-22 (footnote F8). The Form also references other estate planning trusts (Trusts 2 & 3) that hold shares.
- Ownership after transaction: the filing notes shares held in estate planning trusts and contains disclaimers that the Reporting Person disclaims beneficial ownership except for any pecuniary interest; the exact post‑transaction beneficial holdings are not specified in the excerpt provided.
- Notable footnotes: F1 confirms the sales were automatic under a 10b5‑1 plan; F2–F7 explain weighted‑average pricing and per‑block price ranges; F3, F9, F10 reference trust ownership and disclaimers.
Context
Sales executed under a 10b5‑1 plan are pre‑planned and automated, and gifts/transfers to estate planning trusts are typically for personal/estate planning — neither action by itself should be read as a market sentiment signal. The filing discloses trust ownership and disclaimers about beneficial ownership; no option exercises or immediate repurchases were reported.
Insider Transaction Report
Form 4
Gajendra Sanjay
DirectorPresident and COO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-05-21$289.13/sh−136,709$39,526,714→ 5,327,504 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F3]2026-05-21$290.21/sh−137,294$39,843,419→ 5,190,210 total(indirect: By Trust) - Sale
Common Stock
[F1][F5][F3]2026-05-21$291.28/sh−73,300$21,350,707→ 5,116,910 total(indirect: By Trust) - Sale
Common Stock
[F1][F6][F3]2026-05-21$292.14/sh−47,710$13,937,789→ 5,069,200 total(indirect: By Trust) - Sale
Common Stock
[F1][F7][F3]2026-05-21$293.03/sh−4,987$1,461,337→ 5,064,213 total(indirect: By Trust) - Gift
Common Stock
[F8][F3]2026-05-22+226,189→ 5,290,402 total(indirect: By Trust) - Gift
Common Stock
[F8]2026-05-22−226,189→ 1,209,668 total
Holdings
- 615,000(indirect: By Trust)
Common Stock
[F9] - 615,000(indirect: By Trust)
Common Stock
[F10]
Footnotes (10)
- [F1]The sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2025.
- [F10]These shares are owned directly by an estate planning trust ("Trust 3"). The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $288.8000 to $289.7900, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]These shares are owned directly by an estate planning trust ("Trust 1"), of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $289.8000 to $290.7800, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $290.8000 to $291.7900, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $291.8000 to $292.7900, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $292.8400 to $293.5000, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]On May 22, 2026, the Reporting Person transferred 226,189 shares of Issuer Common Stock to an estate planning trust ("Trust 1") for no consideration.
- [F9]These shares are owned directly by an estate planning trust ("Trust 2"). The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Signature
/s/ Philip Mazzara, Attorney-in-Fact|2026-05-26