Sanjay Gajendra, President and COO of Astera Labs, Inc. (ALAB), executed a series of stock sales totaling approximately $114.66 million on May 26, 2026. The transactions involved the sale of multiple blocks of shares at prices ranging from $289.13 to $292.14 per share.
The sales were comprised of several individual transactions by Gajendra on May 21, 2026, according to Glekko filings. These include sales of 137,294 shares for $39.84 million, 136,709 shares for $39.53 million, 73,300 shares for $21.35 million, and 47,710 shares for $13.94 million.
While insider sales can be motivated by various factors such as diversification or personal financial needs, significant and clustered selling by company executives may attract investor attention. The specific reasons behind these transactions were not disclosed.