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Astera Labs, Inc.·4

May 26, 4:48 PM ET

Gajendra Sanjay 4

Research Summary

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Updated

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.