Jitendra Mohan - Mar 22, 2024 Form 4 Insider Report for Astera Labs, Inc. (ALAB)

Role: Chief Executive Officer, Director
Signature: /s/ Philip Mazzara, Attorney-in-Fact
Stock symbol: ALAB
Transactions as of: Mar 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/22/2024, 04:37 PM
Previous filing: Mar 19, 2024
Next filing: Oct 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALAB	Common Stock	Conversion of derivative security		+66.3K	+1.46%		4.59M	Mar 22, 2024	By Living Trust	F1, F2
holding	ALAB	Common Stock						1M	Mar 22, 2024	By Trust	F3
holding	ALAB	Common Stock						1M	Mar 22, 2024	By 2021 Trust 1	F4
holding	ALAB	Common Stock						1M	Mar 22, 2024	By 2021 Trust 2	F5
holding	ALAB	Common Stock						750K	Mar 22, 2024	By 2022 Trust 1	F6
holding	ALAB	Common Stock						750K	Mar 22, 2024	By 2022 Trust 2	F7
holding	ALAB	Common Stock						2.7M	Mar 22, 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ALAB	Series A Preferred Stock	Conversion of derivative security	$0	-66.3K	-100%	$0.00^*	0	Mar 22, 2024	Common Stock	66.3K		By Living Trust	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Series A Preferred Stock automatically converted into one share of Common Stock on a one-for-one basis, immediately prior to the closing of the Issuer's initial public offering. The shares of Series A Preferred Stock have no expiration date.
F2	These shares are owned directly by a living trust (the "Living Trust"), of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3	These shares are owned directly by an estate planning trust (the "Trust"). The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4	These shares are owned directly by an estate planning trust (the "2021 Trust 1"), of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F5	These shares are owned directly by an estate planning trust (the "2021 Trust 2"), of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6	These shares are owned directly by an estate planning trust (the "2022 Trust 1"). The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F7	These shares are owned directly by an estate planning trust (the "2022 Trust 2"). The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.