Ittmann Jorik 4

What Happened
Ittmann Jorik, CEO of AstroNova (ALOT), converted 1,509 restricted stock units (RSUs) into 1,509 shares on April 14, 2026 (derivative exercise/conversion). To cover tax withholding, 519 of those shares were surrendered/disposed at an implied price of $11.78 per share, generating $6,114. Net shares delivered to the insider were 990 (1,509 converted minus 519 withheld). The RSU conversion had no cash exercise price ($0.00 per share).

Key Details

• Transaction date: 2026-04-14; Form 4 filed 2026-04-21 (filed 7 days after the transaction; appears late relative to the normal 2-business-day Form 4 deadline).
• Activity codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax withholding.
• Shares converted: 1,509 at $0.00 (acquired via conversion).
• Shares withheld for taxes: 519 at $11.78 = $6,114 (disposed).
• Net shares received by insider: 990.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — remaining RSUs vest in two equal annual installments beginning April 14, 2027.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was a routine RSU vesting/conversion with an administrative withholding of shares to cover taxes — common for executive equity awards. The withholding sale (code F) is not an open-market sale signaling liquidity or market-direction intent; it simply satisfies tax obligations. The late filing reduces prompt disclosure to the market but does not change the transactional facts.