Seshasayee Varadarajan - Feb 20, 2025 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Feb 20, 2025
Transactions value $
-$9,907,200
Form type
4
Date filed
2/21/2025, 01:28 PM
Previous filing
Feb 6, 2025
Next filing
Mar 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $680K +35.8K +19.97% $19.01 215K Feb 20, 2025 Direct F1, F2
transaction LRCX Common Stock Sale -$3.22M -35.8K -16.64% $90.00 179K Feb 20, 2025 Direct F1, F2
transaction LRCX Common Stock Options Exercise $1.31M +74.3K +41.5% $17.68 253K Feb 20, 2025 Direct F1, F2
transaction LRCX Common Stock Sale -$6.69M -74.3K -29.33% $90.00 179K Feb 20, 2025 Direct F1, F2
holding LRCX Common Stock 2.37K Feb 20, 2025 By 401(k)

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 -$680K -35.8K -100% $19.01 0 Feb 20, 2025 Common Stock 35.8K $19.01 Direct F1, F3
transaction LRCX Employee Stock Option (Right to Buy) Options Exercise -$1.31M -74.3K -100% $17.68 0 Feb 20, 2025 Common Stock 74.3K $17.68 Direct F1, F4
* 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 May 29, 2024.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 The stock options will become exercisable in three equal installments on 03/01/2019, 03/01/2020, and 03/01/2021.
F4 The stock options will become exercisable in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.