Form 4: Astera Labs COO Sells Shares for Tax Obligations

Astera Labs President and COO, Sanjay Gajendra, sold 90,459 shares of common stock on November 17, 2025, to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Sanjay Gajendra, President and COO, and Director of Astera Labs, Inc. (ALAB), reported transactions.
• On November 17, 2025, Gajendra disposed of a total of 90,459 shares of Astera Labs Common Stock.
• These sales were executed at weighted average prices ranging from $143.2526 to $146.6536 per share.
• The sales were non-discretionary, mandated 'sell to cover' transactions to satisfy tax withholding obligations upon the vesting and settlement of previously granted restricted stock units (RSUs).
• Following these transactions, Gajendra directly beneficially owns 1,599,750 shares of Common Stock.
• Additionally, Gajendra indirectly beneficially owns 6,006,213 shares through Trust 1, 695,000 shares through Trust 2, and 695,000 shares through Trust 3, disclaiming beneficial ownership except for any pecuniary interest.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' to satisfy tax obligations upon RSU vesting, not a discretionary sale, indicating a neutral sentiment regarding the company's prospects.

Future Outlook

NA

Management Comments

• The sales were automatic and mandated by an election of the Issuer made in advance of the vesting event to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover', and do not represent a discretionary trade by the Reporting Person.

Industry Context

This filing reports a routine insider transaction for tax purposes and does not provide specific industry context or trends.

Related Party Transactions

• Sanjay Gajendra indirectly owns shares through three estate planning trusts (Trust 1, Trust 2, Trust 3), for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: Minimal impact, as the transaction is a non-discretionary tax-related sale and does not signal a change in company fundamentals or executive confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact from this routine insider transaction.

Key Dates

Recommendation

The reported transactions are non-discretionary 'sell to cover' sales to satisfy tax withholding obligations related to RSU vesting. Such routine insider transactions do not typically signal a change in the company's fundamentals or management's confidence, and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

Astera Labs, ALAB, Form 4, insider transaction, stock sale, RSU, restricted stock units, tax withholding, executive compensation, Sanjay Gajendra