Jitendra Mohan, CEO of Astera Labs (NASDAQ:ALAB), sold common stock totaling approximately $21.48 million on May 18, 2026. The sale involved 93,444 shares at prices ranging from $216.46 to $235.41 per share.
The transactions were conducted to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). These were automated “sell to cover” trades, not discretionary decisions by Mohan.
Following the sale, Mohan directly holds 1,357,295 shares. He also holds significant indirect ownership through trusts: 3,789,232 shares via a Living Trust, 699,999 via an estate planning trust, and 700,000 each through 2021 Trust 1 and 2021 Trust 2, and 450,001 each through 2022 Trust 1 and 2022 Trust 2.
The stock currently trades at $287.40, near its 52-week high of $287.70, with a market cap of $49 billion. According to Bond.az analysis, the company appears overvalued based on fair value.
In other news, Astera Labs reported strong Q1 2026 results, with non-GAAP diluted EPS of $0.61, beating estimates of $0.18 by 238.89%. Revenue hit $308.4 million, up 93% year-over-year.
