Denbaars Steven 4

What Happened

• Steven Denbaars, a director of Aeluma, Inc. (ALMU), sold a total of 25,000 shares in two open‑market transactions: 12,500 shares on Feb 25, 2026 at a weighted average price of $17.58 (proceeds $219,766) and 12,500 shares on Feb 26, 2026 at a weighted average price of $15.85 (proceeds $198,094). Combined proceeds were about $417,860. These transactions were sales (S), which are often routine and not necessarily a signal of company performance.

Key Details

• Transaction dates and prices:
  • Feb 25, 2026 — 12,500 shares sold, weighted avg price $17.58 (individual trades ranged $17.11–$17.97). (F2)
  • Feb 26, 2026 — 12,500 shares sold, weighted avg price $15.85 (individual trades ranged $15.475–$16.41). (F3)
• Total shares sold: 25,000; total proceeds ≈ $417,860.
• Sales were effected under a Rule 10b5‑1 trading plan adopted Nov 20, 2025 (F1).
• Shares owned after the transactions: not provided in the details you supplied (check the full Form 4 for ending ownership).
• Form filed Feb 27, 2026 (period of report Feb 25, 2026). No late‑filing flag included in the summary provided.

Context

• These were ordinary sales executed under a prearranged 10b5‑1 plan, which allows insiders to sell shares according to a preset schedule. Such plan sales are typically treated as routine liquidity events rather than directional bets on the stock by the insider.