Astera Labs Chairman Sells $51.3 Million Worth of Shares Amid Strong Stock Performance
Manuel Alba, the chairman of Astera Labs (NASDAQ: ALAB), sold 183,000 shares for a total value of $51.3 million on September 1, 2026, according to an SEC Form 4 filing. The transaction was conducted under a Rule 10b5-1 trading plan established in May 2026, which allows insiders to sell stock based on pre-determined schedules without direct knowledge of company performance or private information. The sale occurred at a weighted average price of $280.13 per share, while the closing price for Astera Labs was $279.91 and dropped slightly to $274.13 by September 2. Over the past year, shares had returned approximately 54%. Alba still holds over a million shares indirectly through trusts and other entities. Astera Labs is focused on semiconductor-based connectivity solutions for cloud computing and AI infrastructure, with strong financials including $1.2 billion in trailing twelve-month revenue and $369.5 million in net income.
Tickers: $ALAB
Topics: Astera Labs executive transaction SEC filing stock sale