Astera Labs Chairman Sells $51.3 Million Worth of Shares
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 Rule 10b5-1 trading plan adopted in May 2026, which allows pre-scheduled trades and is intended to avoid insider trading concerns. The sale occurred as the stock had returned 54% over the previous year but closed slightly lower at $274.13 on September 2 after being sold at an average price of $280.13. Alba still holds a significant stake, with post-transaction value estimated at $387.87 million across both direct and indirect holdings. Astera Labs is focused on semiconductor-based connectivity solutions for cloud computing and AI infrastructure. The company reported strong financials in its latest trailing twelve-month (TTM) results: revenue of $1.2 billion, net income of $369.5 million, and a market cap exceeding $46 billion.
Tickers: $ALAB