AstroNova (ALOT) Director Yvonne Schlaeppi Sells Shares in Merger

What Happened

• Director Yvonne Schlaeppi disposed of 51,920.954 shares of AstroNova common stock to the issuer at $29.00 per share for $1,505,708 on 2026-08-26 pursuant to the Merger Agreement.
• In addition, two outstanding stock options were cancelled on the transaction date and converted into cash payments of $53,750 and $65,250 (total $119,000), bringing her total cash proceeds from these transactions to $1,624,708. These derivative payments represent cash-outs for options as provided by the Merger Agreement.

Key Details

• Transaction date: 2026-08-26 (filed same day). Primary share disposition price: $29.00; cash payments for cancelled options: $53,750 and $65,250.
• Total proceeds reported: $1,505,708 (stock) + $119,000 (options) = $1,624,708.
• Shares owned after the transaction: not disclosed in this Form 4 filing.
• Filing timeliness: Reported on the same date as the transactions (not late).
• Notable footnotes:
  • F1: Share disposition was pursuant to the Agreement and Plan of Merger among AstroNova, Orion Merger Parent and Orion MergerCo X.
  • F2 & F3: Two stock options (granted in 2018, vested in 2019) were cancelled on the transaction date and converted into cash payments equal to the Merger Consideration less the option exercise price, as specified in the Merger Agreement.

Context

• These transactions are part of merger-closing mechanics (shares and vested options converted or cashed out under the Merger Agreement), not an open-market sale. Such merger-related dispositions are routine outcomes of change-of-control transactions and do not, by themselves, indicate the insider’s ongoing market view.