Form 4: AstroNova Director Alexis P. Michas Reports Acquisition of 980 Shares

Director Alexis P. Michas reported acquiring 980 shares of AstroNova, Inc. common stock on March 21, 2024, through a restricted stock award.

Summary

• On March 21, 2024, Alexis P. Michas, a director of AstroNova, Inc., acquired 980 shares of common stock.
• The acquisition was a restricted stock award made pursuant to the Amended and Restated Non-Employee Director Annual Compensation Program.
• The price per share for the acquisition was $0.00.
• Following the transaction, Mr. Michas directly owns 9,981 shares of AstroNova, Inc.
• Mr. Michas may also be deemed to indirectly beneficially own 535,203 shares held by Juniper Targeted Opportunity Fund, L.P., due to his role as a managing member of Juniper Investment Company, LLC, the investment manager for Juniper Fund, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
• The report was filed on March 25, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates