AstroNova (ALOT) investor exits 13D after stake trimmed to 0.4%

Rhea-AI Filing Summary

Askeladden Capital Management LLC and its principal Samir Patel report that client accounts managed by Askeladden now beneficially own 32,354 shares of AstroNova, Inc. common stock, representing 0.4% of the outstanding class, based on 7,747,772 shares outstanding as of June 4, 2026.

The position, acquired for an aggregate cost of approximately $326,260, is held in Askeladden client accounts, with Askeladden and Mr. Patel reporting shared voting and dispositive power. This Amendment No. 3 is an exit Schedule 13D filing after their ownership fell below the 5% threshold, following a decision to reduce the stake in light of AstroNova’s announced planned acquisition by Arcline, which they state they support and view as maximizing shareholder value. They indicate no current plans to seek changes to the company’s strategy or board composition.

Key Figures

Shares beneficially owned: 32,354 shares Ownership percentage: 0.4% Shares outstanding: 7,747,772 shares +2 more

5 metrics

Shares beneficially owned 32,354 shares AstroNova common stock beneficially owned by the reporting persons

Ownership percentage 0.4% Percent of AstroNova common stock class represented by 32,354 shares

Shares outstanding 7,747,772 shares AstroNova common shares outstanding as of June 4, 2026

Aggregate purchase cost $326,260 Total cost of AstroNova common stock purchased for Askeladden client accounts

Event date 07/23/2026 Date of the event requiring the Schedule 13D/A Amendment No. 3

Key Terms

beneficially owned, exit filing, shared voting power, dispositive power, +1 more

5 terms

beneficially owned financial

"The aggregate number and percentage of the class of securities ... beneficially owned by each Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

exit filing regulatory

"This Amendment No. 3 ... constitutes an 'exit filing' with respect to Schedule 13D"

shared voting power financial

"Shared Voting Power 32,354.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"shared power to dispose or to direct the disposition of: See Item 10"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

investment adviser financial

"client accounts of Askeladden Capital Management LLC, ('Askeladden') the investment adviser"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/23/2026 - 03:36 PM Accepted by SEC EDGAR 07/23/2026 - 03:36 PM Learn about SEC filing dates

FAQ

What stake in AstroNova (ALOT) does Askeladden Capital now report?

Askeladden Capital and Samir Patel report beneficial ownership of 32,354 shares of AstroNova common stock, representing 0.4% of the outstanding class, based on 7,747,772 shares outstanding as of June 4, 2026.

Why did Askeladden Capital file Amendment No. 3 to Schedule 13D for AstroNova (ALOT)?

Amendment No. 3 is filed as an exit Schedule 13D because Askeladden’s beneficial ownership in AstroNova fell below the 5% reporting threshold after reducing its position in the stock.

What is Askeladden Capital’s view on AstroNova (ALOT) being acquired by Arcline?

The reporting persons state they are supportive of AstroNova’s proposed acquisition by Arcline, referring to a June 17, 2026 press release, and believe the transaction maximizes shareholder value.

How much has Askeladden Capital spent acquiring AstroNova (ALOT) shares?

They report the total cost of AstroNova common stock purchases for Askeladden client accounts, including brokerage commissions, is approximately $326,260, including shares held in Askeladden client accounts for Samir Patel.

Who actually holds the AstroNova (ALOT) shares reported by Askeladden Capital?

The 32,354 shares are held in client accounts of Askeladden Capital Management. Askeladden disclaims direct beneficial ownership, while Samir Patel, as principal, may be deemed to beneficially own the securities reported.

Does Askeladden plan activist actions at AstroNova (ALOT) after this 13D exit filing?

The reporting persons state they have no current plans to pursue actions affecting AstroNova’s strategy or board composition and describe their position as held solely for investment purposes, though they note plans may change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

AstroNova, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04638F108

(CUSIP Number)

Samir Patel
1452 Hughes Road, Suite 200 #582
Grapevine, TX, 76051
6825538302

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 04638F108

1

Name of reporting person

ASKELADDEN CAPITAL MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 32,354.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 32,354.00

11

Aggregate amount beneficially owned by each reporting person

32,354.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person:

Items 8, 10, and 11 represent 32,354 shares of Common Stock of the Issuer held by client accounts of Askeladden Capital Management LLC, ('Askeladden') the investment adviser. This calculation is based on 7,747,772 shares of Common Stock of the Issuer outstanding as of June 4, 2026, as disclosed in the Issuer's Form 10-Q, filed with the SEC on June 8 2026, for the quarterly period ended April 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 04638F108

1

Name of reporting person

Samir Patel

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 32,354.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 32,354.00

11

Aggregate amount beneficially owned by each reporting person

32,354.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

IA, HC

Comment for Type of Reporting Person:

Samir Patel is the Principal of Askeladden. Askeladden client accounts are the record and direct beneficial owner of the securities covered by this statement. As the Principal of Askeladden, Mr. Patel may be deemed to beneficially own the securities covered by this statement.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: AstroNova, Inc.
(c)	Address of Issuer's Principal Executive Offices: 600 E GREENWICH AVENUE, WEST WARWICK, RHODE ISLAND , 02893.
Item 1 Comment: The class of equity securities to which this Schedule 13D relates is the Issuer's Common Stock ('Common Stock'), of AstroNova, Inc., a corporation organized under the laws of the State of Rhode Island (the 'Issuer'). The principal executive office of the Issuer is located at 600 East Greenwich Avenue, West Warwick, Rhode Island 02893, USA.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), on behalf of each of the following reporting persons (each, a 'Reporting Person' and collectively, the 'Reporting Persons'): Askeladden Capital Management, LLC, a Texas limited liability company, and Samir Patel.Each Reporting Person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Sections 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
(b)	The address of the principal business and the principal office of the Reporting Persons is 1452 Hughes Road, Suite 200 #582, Grapevine, Texas 76051.
(c)	Each of the Reporting Persons is principally engaged in the business of acquiring, holding, voting and disposing of various public securities investments.
(d)	During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Askeladden is organized under the laws of the State of Texas.
Item 3.	Source and Amount of Funds or Other Consideration
	The total cost for purchases of Common Stock by Askeladden, on behalf of its clients, including brokerage commissions, was approximately $326,260 (including shares held in Askeladden client accounts for Mr. Patel). The source of funds for the shares of Common Stock acquired for the accounts of Askeladden's clients were funds of such clients.
Item 4.	Purpose of Transaction
	This Amendment No. 3 to Schedule 13D (this 'Amendment No. 3') amends and supplements the Schedule 13D filed on August 29, 2025 (as amended and supplemented through the date of this Amendment No. 1) by the Reporting Persons relating to the common stock of the Issuer. The shares of Common Stock covered by this statement were originally acquired by the Reporting Persons in the ordinary course of business solely for investment purposes and not for the purposes of participating in or influencing the management of the Issuer. This Amendment No. 3 is being filed for the purpose of reporting a decrease in the percentage of the class of securities beneficially owned by the Reporting Persons and constitutes an 'exit filing' with respect to Schedule 13D for the Reporting Persons. The related updates and amendments to the Schedule 13D are listed below. As published in a press release on June 17, 2026, the Issuer is to be acquired by another issuer based. This fact, among others, has prompted the Reporting Persons to decrease their position in the Issuer below the reportable 5% threshold. The Reporting Persons are supportive of the Issuer's proposed acquisition by Arcline, which they believe maximizes shareholder value. As a result, the Reporting Persons are supportive of the Issuer's current strategy at this time and have no current plans to engage in any further actions to influence the company's strategy or Board composition. Except as set forth above, or as would occur upon completion of any of the matters discussed herein, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Although the foregoing reflects activities presently contemplated by the Reporting Persons with respect to the Issuer, the foregoing is subject to change at any time.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 is hereby amended and restated in its entirety as follows: The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person as of the time of filing on August 29, 2025, is stated in Items 11 and 13 on the cover page(s) hereto. Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D.Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer. The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto.
(b)	i.sole power to vote or direct the vote See Item 7 on the cover page(s) hereto. ii.shared power to vote or direct the vote See Item 8 on the cover page(s) hereto. iii.sole power to dispose or to direct the disposition of: See Item 9 on the cover page(s) hereto. iv.shared power to dispose or to direct the disposition of: See Item 10 on the cover page(s) hereto. The Reporting Persons own directly the shares of Common Stock reported in this Schedule 13D and each of them has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) such shares of Common Stock directly owned by them. As the investment manager of its clients' funds, Askeladden may be deemed to have the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) any shares of Common Stock directly owned in each client account. Askeladden does not own any shares of Common Stock directly and disclaims beneficial ownership of any shares of Common Stock owned directly in client accounts. The Reporting Persons have shared voting power and sole dispositive power with regard to 32,354 shares of Common Stock.
(c)	The transactions effected by the Reporting Persons in the Common Stock during the past 60 days are set forth on Schedule A to this Statement. Each of these transactions was executed through the open market.
(d)	Not applicable as all of the shares of Common Stock that are indicated as beneficially owned by Askeladden are beneficially owned by Askeladden on behalf of its investment advisory clients. In all cases, persons other than Askeladden have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, the shares.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information set forth in Item 4 of this Schedule 13D is hereby incorporated herein by reference. Except as otherwise described herein and in the Joint Filing Agreement, attached hereto as Exhibit 99.1, neither of the Reporting Persons has any contract, arrangement, understanding or relationship with any person with respect to the shares of Common Stock of the Issuer or any other securities of the Issuer.The information, if any, called for by Items 2-6, inclusive, of Schedule 13D with respect to any person enumerated in Instruction C of Schedule 13D and required to be included in this statement is included in Schedule A hereto or otherwise herein. The information contained in Schedule A hereto and each other Item herein is incorporated by reference in answer or partial answer to this Item.
Item 7.	Material to be Filed as Exhibits.
	99.2 Schedule A - Additional information including the transactions effected by the Reporting Persons in the Common Stock during the past 60 days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ASKELADDEN CAPITAL MANAGEMENT LLC

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel/Managing Member
Date:	07/23/2026

Samir Patel

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel/Managing Member
Date:	07/23/2026