Form 4: Astera Labs General Counsel Sells Shares to Cover Tax Obligations

Philip Mazzara, General Counsel and Secretary of Astera Labs, sold 7,260 shares of common stock on August 16, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 16, 2024, Philip Mazzara, the General Counsel and Secretary of Astera Labs, sold 7,260 shares of the company's common stock.
• The sale was executed to satisfy tax withholding obligations associated with the vesting and settlement of previously granted restricted stock units.
• The sale was mandated by the issuer's election to require tax withholding obligations to be funded by a 'sell to cover' arrangement.
• The shares were sold at a weighted average price of $41.79, with individual transactions ranging from $41.78 to $41.86.
• Following the transaction, Mazzara still beneficially owns 375,564 shares of Astera Labs common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.

Stakeholder Impact

• The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates