Aeluma director Steven Denbaars sells $345,741 in ALMU shares

Steven Denbaars, a director at Aeluma, Inc. (NASDAQ:ALMU), recently sold 25,000 shares of the company's common stock for a total value of $345,741. This sale occurred over two separate transactions in late August 2026, as part of a pre-approved trading plan. On August 26, he sold 12,500 shares at prices between $13.57 and $14.40 per share.

The following day, he sold another 12,500 shares at prices ranging from $13.59 to $14.35 per share. After these transactions, Mr. Denbaars still holds 345,209 shares of Aeluma common stock.

At present, Aeluma's stock is trading at $13.14, marking a 23% decrease year-to-date and a 59% drop from its 52-week high of $31.79. InvestingPro analysts consider the stock to be overvalued compared to its Fair Value estimate, placing it among companies on a list of the most overvalued. Subscribers to InvestingPro can access over ten exclusive tips related to ALMU, including insights on the company's financial health and market position.

Recently, Aeluma has appointed Brendan Moran, Ph.D., as Vice President of Engineering. Dr. Moran will oversee the commercialization and manufacturing readiness of the company's compound semiconductor products. With 18 years of experience at Lumileds, Dr. Moran brings valuable industry expertise to Aeluma, aiming to bolster the company's engineering capabilities and product development efforts.

This appointment was announced through a press release, emphasizing its significance in Aeluma's ongoing growth strategies. This report was AI-generated and reviewed by an editor for accuracy.