[Form 4] AstroNova, Inc. Insider Trading Activity

Rhea-AI Filing Summary

AstroNova, Inc. (ALOT) director Alexis P. Michas received a restricted stock award totaling 3,071 shares on 08/28/2025 under the Amended and Restated Non-Employee Director Annual Compensation Program. After the award, Mr. Michas directly held 21,826 shares. The filing discloses that 535,203 shares are beneficially owned indirectly by Juniper Targeted Opportunity Fund, L.P., for which Mr. Michas is a managing member of the investment manager and may be deemed to beneficially own the fund's holdings; he disclaims ownership except to the extent of his pecuniary interest. The Form 4 was signed by power of attorney on 09/02/2025.

Insights

Securities Analyst

TL;DR: Director received routine restricted stock award of 3,071 shares; significant indirect holdings reported via Juniper Fund.

The Form 4 documents a standard director compensation issuance: 3,071 restricted shares granted under the companys non-employee director compensation program, recorded as an acquisition on 08/28/2025. The reporting persons direct beneficial ownership after the grant is 21,826 shares. Separately, 535,203 shares are reported as indirectly beneficially owned through Juniper Targeted Opportunity Fund, L.P., with Juniper Investment Company, LLC as manager and Mr. Michas identified as a managing member. This creates transparency about both personal and fund-level positions without indicating any derivative positions or dispositions. For investors, the filing is informational and routine; it neither signals a corporate governance change nor a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure clarifies director compensation and fund-related beneficial ownership; filing is routine and compliant.

The submission properly discloses a restricted stock award to a director under the referenced compensation program and explains the nature of indirect ownership through an affiliated investment vehicle. The explanatory footnote includes a customary disclaimer of beneficial ownership to the extent of pecuniary interest in the Juniper Fund. No amendments or derivative transactions are reported. From a governance and compliance perspective, the Form 4 meets disclosure expectations for Section 16 insiders.

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

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 RI 02893

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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

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

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

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	08/28/2025		A(1)		3,071	A	$0	21,826	D
Common Stock								535,203	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. Restricted stock award made to the reporting person pursuant to the Amended and Restated Non-Employee Director Annual Compensation Program.

2. These shares are held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). 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	09/02/2025
	** 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.

FAQ

What transaction did Alexis P. Michas report on the ALOT Form 4?

The report shows a restricted stock award of 3,071 shares acquired on 08/28/2025 under the company's non-employee director annual compensation program.

How many AstroNova (ALOT) shares does Michas directly own after the transaction?

Following the reported award, Mr. Michas directly beneficially owns 21,826 shares.

What indirect holdings are disclosed for Michas in this filing?

The filing discloses 535,203 shares as indirectly beneficially owned by Juniper Targeted Opportunity Fund, L.P., for which Mr. Michas is a managing member of the investment manager.

Does the Form 4 report any derivative transactions or dispositions?

No. The Form 4 lists only a non-derivative acquisition of common stock and no dispositions or derivative securities.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Daniel Clevenger, by Power of Attorney on 09/02/2025.