ALAB Form 4: CFO Sales Total 278,373 Shares; Gifts to DAF Noted
Rhea-AI Filing Summary
Michael Truett Tate, Chief Financial Officer of Astera Labs, reported multiple transactions in the issuer's common stock on August 7–8, 2025. The filing discloses a total of 278,373 shares sold across several block transactions with reported weighted-average prices of $169.608, $170.3396, $171.4778 and $173.8234, and price ranges noted between $169.05 and $174.04. The report also records bona fide gifts of 7,500 shares to the GlobalStar DAF and 10,000 shares to a non-affiliated person.
The filing shows indirect ownership through the Tate 1997 Living Trust and GlobalStar DAF and disclaims direct beneficial ownership beyond any pecuniary interest. Following the reported transactions, the Tate Trust's reported indirect holdings are shown as 501,496 shares. Footnotes state the seller will provide details on the number of shares sold at each separate price upon request.
Positive
- None.
Negative
- The reporting person executed 278,373 shares sold across multiple transactions, which materially reduced reported holdings.
- Indirect holdings reported for the Tate Trust decreased to 501,496 shares following the transactions.
- Sales were executed at prices in the range of $169.05 to $174.04, indicating multiple block trades rather than a single sale price.
Insights
TL;DR: Insider sales of 278,373 shares across multiple trades at roughly $169–$174; factual disclosure, impact appears neutral without outstanding-share context.
The Form 4 reports sizable block sales by the CFO in multiple tranches with clear weighted-average prices and disclosed price ranges. These are sales rather than option exercises, and the filer also recorded charitable gifts. Without information on total outstanding shares or recent trading volume, the market impact cannot be assessed from this filing alone. The disclosure is complete in detailing price ranges and recipients.
TL;DR: Transactions include sales and charitable gifts; trustee disclaimers and footnote disclosures are present and consistent with Form 4 practice.
The reporting person is identified as an officer and trustee of the Tate 1997 Living Trust. The filing includes customary disclaimers of beneficial ownership for trust-held shares and documents bona fide gifts to a donor-advised fund and a non-affiliated individual. Footnotes offer to provide granular per-price sale data on request, which supports transparency. No regulatory or compliance issues are asserted within the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 10,000 | $0.00 | -- |
| Sale | Common Stock | 43,184 | $169.608 | $7.32M |
| Sale | Common Stock | 7,550 | $170.3396 | $1.29M |
| Sale | Common Stock | 15,141 | $171.4778 | $2.60M |
| Sale | Common Stock | 34,125 | $173.8234 | $5.93M |
| Gift | Common Stock | 7,500 | $0.00 | -- |
| Gift | Common Stock | 7,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $169.0500 to $169.9900, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares are owned directly by the Tate 1997 Living Trust Dated April 24, 1997 (the "Tate Trust"), of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $170.0500 to $170.8600, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $171.0800 to $171.8500, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $173.5950 to $174.0400, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Represents a bona fide gift of shares to GlobalStar DAF. These shares are directly owned by the GlobalStar DAF, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Represents a bona fide gift of shares to a non-affiliated person.
