AstroNova director, fund sell shares at $29

AstroNova, Inc. (ALOT) director Alexis P. Michas reported dispositions of common stock to the issuer in connection with a merger transaction.

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.

Insider Trade Summary

Disposition: 564,522 shares

Disposition 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)

1. 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").
2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many ALOT shares did Alexis P. Michas hold after these transactions?

After the reported transactions, the Form 4 shows 0 shares of AstroNova, Inc. common stock held directly and 0 shares held indirectly through Juniper Targeted Opportunity Fund, L.P.

Were the ALOT share dispositions related to a merger?

Yes. The footnotes state the shares were disposed of pursuant to an Agreement and Plan of Merger among AstroNova, Inc., Orion Merger Parent, Inc., and Orion MergerCo X, Inc., as described in the Merger Agreement dated June 16, 2026.

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.

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Available on EDGAR 08/26/2026 - 05:11 PM Accepted by SEC EDGAR 08/26/2026 - 05:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MICHAS ALEXIS P

(Last) (First) (Middle)

C/O ASTRONOVA, INC.

600 EAST GREENWICH AVENUE

(Street)

WEST WARWICK RHODE ISLAND 02893

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AstroNova, Inc. [ ALOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/26/2026		D		29,319	D	$29(1)	0	D
Common Stock	08/26/2026		D		535,203	D	$29	0	I	Juniper Targeted Opportunity Fund, L.P.(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. 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.

	/s/ Daniel Clevenger, by Power of Attorney	08/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)