Form 4: Astera Labs CFO Michael Tate Gifts Shares to Non-Affiliated Party

Astera Labs' Chief Financial Officer, Michael Tate, gifted a total of 50,000 common shares to a non-affiliated party.

Summary

• Michael Tate, the Chief Financial Officer of Astera Labs, gifted 50,000 shares of common stock to a non-affiliated person.
• The transactions occurred on December 11, 2024.
• The shares were gifted at a price of $0.
• Following the transactions, Mr. Tate directly owns 278,716 shares and indirectly owns 1,370,596 shares through the Tate Trust.
• Mr. Tate disclaims beneficial ownership of the shares held by the Tate Trust, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard insider transaction, with no positive or negative implications for the company's performance.

Management Comments

• 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.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The gifting of shares is a common transaction type for executives, and the reporting is in line with SEC regulations.
• There are no unusual aspects to this filing when compared to similar filings from other companies.

Stakeholder Impact

• The share gifting transaction has a minimal impact on shareholders as it does not change the total number of outstanding shares.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Astera Labs, Michael Tate, CFO, share gifting, beneficial ownership, Tate Trust, Form 4, insider transaction