AstroNova (ALOT) director exits in $29-per-share merger sale
Rhea-AI Filing Summary
AstroNova, Inc. (ALOT) director Alexis P. Michas reported dispositions of common stock to the issuer in connection with a merger transaction. On 2026-08-26, he disposed of 29,319 shares of common stock at $29.00 per share, leaving him with 0 shares held directly.
On the same date, 535,203 shares of common stock held indirectly through Juniper Targeted Opportunity Fund, L.P. were also disposed of pursuant to the same Agreement and Plan of Merger. Juniper Investment Company, LLC serves as investment manager to the fund. Mr. Michas may be deemed to beneficially own those shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 564,522 shares
Net Sell
2 txns
Insider
MICHAS ALEXIS P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 29,319 | $29.00 | $850K |
| Disposition | Common Stock F2 | 535,203 | $29.00 | $15.52M |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, Juniper Targeted Opportunity Fund, L.P.)
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. Shares held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund") were disposed of pursuant to the Merger Agreement. Juniper Investment Company, LLC ("Juniper Investment") serves as investment manager for Juniper Fund. Mr. Michas is a managing member of Juniper Investment and of the general partner of Juniper Fund and, therefore, may be deemed to beneficially own the shares held by Juniper Fund. Mr. Michas disclaims beneficial ownership of holdings of Juniper Fund reflected herein except to the extent of his pecuniary interest therein.
Key Figures
Direct shares disposed: 29,319 shares of Common Stock
Indirect shares disposed: 535,203 shares of Common Stock
Transaction price per share: $29.00 per share
+2 more
5 metrics
Direct shares disposed
29,319 shares of Common Stock
Disposition to issuer on 2026-08-26 by Alexis P. Michas
Indirect shares disposed
535,203 shares of Common Stock
Disposition to issuer on 2026-08-26 held by Juniper Targeted Opportunity Fund, L.P.
Transaction price per share
$29.00 per share
Price for each reported disposition of AstroNova, Inc. common stock
Direct holdings after transaction
0 shares
Common Stock directly owned by Alexis P. Michas following the 2026-08-26 disposition
Indirect holdings after transaction
0 shares
Common Stock indirectly owned through Juniper Targeted Opportunity Fund, L.P. after disposition
Key Terms
Agreement and Plan of Merger, Merger Agreement, Disposition to issuer, beneficially own, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of June 16, 2026"
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 Agreement regulatory
"as it may be amended from time to time, the "Merger Agreement""
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
beneficially own financial
"therefore, may be deemed to beneficially own the shares held by Juniper Fund"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of holdings of Juniper Fund reflected herein except to the extent of his pecuniary interest"
FAQ
What did Alexis P. Michas report in this Form 4 for ALOT?
He reported two dispositions of AstroNova, Inc. common stock on 2026-08-26, one of 29,319 shares held directly and one of 535,203 shares held indirectly through Juniper Targeted Opportunity Fund, L.P., both at $29.00 per share and both as dispositions to the issuer.
What was the transaction price in the reported ALOT stock dispositions?
Both reported dispositions of AstroNova, Inc. common stock were at a price of $29.00 per share, in each case described as a Disposition to issuer in connection with a merger transaction.
What is the role of Juniper Targeted Opportunity Fund, L.P. in this ALOT filing?
The Form 4 reports that 535,203 ALOT shares were held by Juniper Targeted Opportunity Fund, L.P. and disposed of under the Merger Agreement. Juniper Investment Company, LLC is the investment manager, and Alexis P. Michas may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
