Astera Labs President/COO Sanjay Gajendra sells 400,000 shares for $116.1M on scheduled 10b5-1 plan
Sanjay Gajendra executed 5 separate sales totaling 400,000 shares for $116,119,966.50 on 2026-05-21, reducing his holdings by 24.8% from 1,609,668 to 1,209,668 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-02, making it scheduled rather than discretionary. The stock trades at $318.72, up 49.8% over 30 days and 148.7% over 90 days, significantly outpacing the blended sale price of $290.30. His prior 5 trades at ALAB (all on 2026-05-07) showed 30-day and 90-day returns ranging from +19.0% to +26.6%, illustrating a pattern where post-sale price appreciation has exceeded the execution prices on this ticker.