AstroNova (ALOT) Director Richard Warzala Sells Shares

What Happened
Richard S. Warzala, a director of AstroNova, disposed of 75,711 shares of common stock at $29.00 per share for proceeds of $2,195,619. In addition, two previously granted stock options were cancelled under the company's merger agreement and cashed out for $53,750 and $72,750 respectively (aggregate $126,500). All transactions were reported as "Disposition to the issuer" and occurred in connection with the Merger Agreement.

Key Details

• Transaction date: 2026-08-26 (Filed same day).
• Share sale: 75,711 shares @ $29.00 = $2,195,619 (Disposition to issuer).
• Option cashouts (derivative dispositions): 5,000 shares @ $10.75 = $53,750 (F2); 5,000 shares @ $14.55 = $72,750 (F3). Total from options = $126,500.
• Combined proceeds ≈ $2,322,119.
• Footnotes: F1–F3 state these dispositions were made pursuant to the Agreement and Plan of Merger dated June 16, 2026; the options (granted 12/5/2017 and 6/4/2018) were fully vested and cancelled in exchange for cash equal to the excess of the $29.00 merger consideration over the exercise price.
• Shares owned after transaction: not stated in this filing.
• Filing timeliness: Reported on the same date as the transactions (no late filing indicated).

Context
These were merger-related dispositions and option cancellations under the Merger Agreement—not open-market sales. The option items were not exercised to retain shares but were cancelled for a cash payment equal to the spread between the merger price and the option exercise prices. Such merger-driven payouts are routine components of change-of-control transactions and reflect contract terms rather than an independent trading decision.