Sanjay Gajendra, President and COO of Astera Labs (NASDAQ:ALAB), sold 93,398 shares on May 18, 2026, for approximately $21.48 million. Prices ranged from $216.46 to $235.41 per share.
The stock has since surged to $287.40, near its 52-week high of $287.70, delivering a 212% return over the past year.
The sales were automatic to cover tax withholding obligations. According to Bond.az analysis, the stock appears overvalued at current levels.
Post-sale, Gajendra directly holds 1,435,857 shares. He also holds additional shares indirectly through trusts.
Astera Labs recently reported outstanding Q1 2026 results: EPS of $0.61 (beating estimates of $0.18) and revenue of $308.4 million (up 93% YoY).
