Director Manuel Alba sold 8,491 shares for $3.9M via pre-arranged 10b5-1 plan; stock down 13.4% from 52-week high despite 263.7% 90-day surge.
Manuel Alba conducted 16 separate sales totaling 8,491 shares for $3,892,091.13 on 2026-07-01 under a pre-arranged 10b5-1 trading plan adopted 2025-05-29, reducing his holdings by 2.9% to 286,863 shares. The transaction occurred at a blended average price of $458.38 against a current price of $432.74, representing a 13.4% gap from the 52-week high of $499.48. Stock momentum has been strong in the 90-day window (+263.7%) and 30-day window (+36.5%), yet the sales were scheduled under the trading plan rather than discretionary. His prior sales at ALAB (5 trades on 2026-04-01) each showed significantly positive 90-day post-sale returns ranging from +334.6% to +354.3%, indicating those earlier exits did not precede downturns. Because this filing is part of a pre-arranged plan, the transaction timing is not attributable to insider judgment of near-term value.