AstroNova (ALOT) chair’s merger cash-out leaves him with zero shares
Rhea-AI Filing Summary
AstroNova, Inc. (ALOT) reports that Executive Chair Darius G. Nevin disposed of his equity holdings in connection with a merger. On 2026-08-26, he returned 4,313 shares of common stock to the issuer at $29.00 per share and cancelled a fully vested stock option for 30,000 shares with a $11.10 exercise price. Under the merger agreement, that option cancellation yielded an aggregate cash payment of $537,000, based on the $29.00 per-share Merger Consideration. Following these transactions, his reported direct holdings in these securities are 0 shares.
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Insights
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Insider Trade Summary
Net Seller: 4,313 shares
Net Sell
2 txns
Insider
NEVIN DARIUS G
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Purchase) F2 | 30,000 | $17.90 | $537K |
| Disposition | Common Stock F1 | 4,313 | $29.00 | $125K |
Holdings After Transaction:
Stock Option (Right to Purchase) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of June 16, 2026, by and among AstroNova, Inc. (the "Company"), Orion Merger Parent, Inc. ("Parent"), and Orion MergerCo X, Inc., a wholly owned subsidiary of Parent (as it may be amended from time to time, the "Merger Agreement").
- F2. Stock Option originally granted on July 23, 2025, which became fully vested on January 23, 2026, and was cancelled on the Transaction Date as provided for in the Merger Agreement in exchange for an aggregate cash payment of $537,000, representing an amount equal to the product of: (i) the aggregate number of shares of the Company's common stock, par value $0.05 per share (the "Common Stock") subject to such Stock Option multiplied by (ii) the excess, if any, of $29.00 (the "Merger Consideration") over the per share exercise price under such Stock Option.
Key Figures
Common stock disposed: 4,313 shares
Disposition price for common stock: $29.00 per share
Stock option shares cancelled: 30,000 shares
+4 more
7 metrics
Common stock disposed
4,313 shares
Disposition to issuer on 2026-08-26 at $29.00 per share pursuant to merger
Disposition price for common stock
$29.00 per share
Merger Consideration used for 4,313 common shares disposed to issuer
Stock option shares cancelled
30,000 shares
Fully vested stock option cancelled on 2026-08-26 under Merger Agreement
Stock option exercise price
$11.10 per share
Exercise price of Stock Option (Right to Purchase) cancelled in merger
Aggregate cash payment for cancelled option
$537,000
Cash paid for cancellation of 30,000-share option based on $29.00 Merger Consideration
Option expiration date
July 23, 2035
Original expiration date of cancelled stock option
Shares held after transactions
0 shares
Total shares following transaction for both reported common stock and option positions
Key Terms
Agreement and Plan of Merger, Merger Consideration, Stock Option (Right to Purchase), disposition to issuer
4 terms
Agreement and Plan of Merger regulatory
"Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of June"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"excess, if any, of $29.00 (the "Merger Consideration") over the per share"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Stock Option (Right to Purchase) financial
"Stock Option (Right to Purchase) originally granted on July 23, 2025"
disposition to issuer financial
"transaction_action": "issuer disposition""
FAQ
What did ALOT Executive Chair Darius G. Nevin report on this Form 4?
He reported dispositions of 4,313 shares of AstroNova common stock at $29.00 per share and the cancellation of a fully vested stock option for 30,000 shares, both carried out pursuant to an Agreement and Plan of Merger involving AstroNova.
What consideration did Darius G. Nevin receive for his cancelled AstroNova (ALOT) stock option?
For the cancelled option on 30,000 shares with an $11.10 exercise price, he received an aggregate cash payment of $537,000, calculated using the $29.00 per-share Merger Consideration minus the exercise price, multiplied by the option shares.
What are Darius G. Nevin’s reported AstroNova (ALOT) holdings after these transactions?
After the August 26, 2026 transactions, the Form 4 shows total shares following each transaction as 0 shares for both the reported common stock position and the reported stock option position.
What is the expiration date and exercise price of the cancelled AstroNova (ALOT) stock option?
The cancelled stock option originally had an $11.10 per-share exercise price and an expiration date of July 23, 2035. It had been granted on July 23, 2025 and became fully vested on January 23, 2026 before being cancelled in the merger.
AI-generated analysis. How Rhea-AI works. Not financial advice.
