Astera Labs President & COO Gajendra Sanjay Sells 400,000+ Shares Under 10b5-1 Plan

Gajendra Sanjay, President and COO of Astera Labs, filed a Form 4 reporting significant stock transactions. Between May 21-22, 2026, Sanjay sold a total of 400,000 shares of common stock through multiple transactions at weighted average prices ranging from $289.13 to $293.03 per share, generating approximately $116 million in proceeds. The sales were executed automatically under a Rule 10b5-1 trading plan adopted on December 2, 2025. Additionally, Sanjay transferred 226,189 shares to an estate planning trust for no consideration. Following these transactions, Sanjay maintains indirect ownership of 1,230,000 shares through estate planning trusts and direct ownership of 1,209,668 shares. The filing includes standard disclaimers regarding beneficial ownership of trust-held shares.