Astera Labs executives disclosed significant stock sales in regulatory filings on May 21, 2026. CEO Jitendra Mohan sold 111,214 shares for approximately $24.1 million. General Counsel Philip Mazzara sold 14,276 shares for about $3.26 million. President and COO Sanjay Gajendra also reported a share sale in a separate filing.
All transactions were executed under pre-arranged Rule 10b5-1 trading plans. Mazzara’s sale was a mandatory transaction to satisfy tax withholding obligations. This specific trade related to the vesting of restricted stock units rather than a discretionary sale.
The sales follow a dramatic rally in Astera Labs' stock price. The shares reached a new all-time high on May 20. Strong Q1 financial results and positive analyst ratings fueled the recent price increase. Investor optimism remains high regarding the company's role in the expanding AI infrastructure market.