Sanjay Gajendra, President and COO of Astera Labs (NASDAQ:ALAB), sold 280,000 shares on May 19, 2026, totaling approximately $69.77 million. Prices ranged from $248.495 to $251.5436 per share.
The sales were executed automatically under a Rule 10b5-1 trading plan adopted on December 2, 2025. The stock is trading near its 52-week high of $298.36, currently at $297.84, delivering a 216% return over the past year.
According to Bond.az analysis, the company appears overvalued at current levels. The shares were sold through three separate estate planning trusts: 200,000 through Trust 1, 40,000 through Trust 2, and 40,000 through Trust 3. Gajendra serves as a trustee for Trust 1.
Following these sales, Gajendra's indirect holdings are 5,464,213 shares in Trust 1, and 615,000 each in Trusts 2 and 3. He also directly holds 1,435,857 shares.
In other recent news, Astera Labs reported exceptional Q1 2026 results, with non-GAAP EPS of $0.61 versus $0.18 expected, and revenue of $308.4 million, up 93% year-over-year.
