Michael Truett Tate - Mar 20, 2024 Form 4 Insider Report for Astera Labs, Inc. (ALAB)

Role
Chief Financial Officer
Signature
/s/ Philip Mazzara, Attorney-in-Fact
Stock symbol
ALAB
Transactions as of
Mar 20, 2024
Transactions value $
-$1,032,804
Form type
4
Date filed
3/22/2024, 04:41 PM
Previous filing
Mar 19, 2024
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALAB Common Stock Tax liability -$1.03M -28.7K -2.21% $36.00* 1.27M Mar 20, 2024 Direct F1
transaction ALAB Common Stock Conversion of derivative security +879K +69.15% 2.15M Mar 22, 2024 By Tate Trust F2, F3

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 Conversion of derivative security $0 -879K -100% $0.00* 0 Mar 22, 2024 Common Stock 879K By Tate Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the Reporting Person.
F2 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.
F3 These shares are owned directly by Michael T Tate and Jeanne Larue Tate as Trustees of the Tate 1997 Living Trust Dated April 24, 1997 (the "Tate 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.