Ava Hahn - 03 Jan 2024 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Signature
Marta Woods by Power of Attorney
Issuer symbol
LRCX
Transactions as of
03 Jan 2024
Transactions value $
-$1,010,971
Form type
4
Filing time
04 Jan 2024, 15:21:44
Previous filing
03 Mar 2023
Next filing
20 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $703K +2.34K +68.22% $300.33 5.78K 03 Jan 2024 Direct F1, F2
transaction LRCX Common Stock Sale -$1.71M -2.34K -40.55% $732.00 3.43K 03 Jan 2024 Direct F1, F2

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 LRCX Employee Stock Option (Right to Buy) Options Exercise $0 -2.34K -100% $0.00* 0 03 Jan 2024 Common Stock 2.34K $300.33 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 6, 2023.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.