Richard P. Wallace - Jun 30, 2025 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Richard P. Wallace
Stock symbol
KLAC
Transactions as of
Jun 30, 2025
Transactions value $
-$3,614,752
Form type
4
Date filed
7/2/2025, 04:05 PM
Previous filing
Jun 16, 2025
Next filing
Aug 5, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
WALLACE RICHARD P President and CEO ONE TECHNOLOGY DRIVE, MILPITAS /s/ Jeffrey S. Cannon, as attorney-in-fact for Richard P. Wallace 2025-07-02 0001196898

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Other $21.2K +39.3 +0.05% $541.13 78K Jun 30, 2025 Direct F1, F2, F3
transaction KLAC Common Stock Tax liability -$3.64M -4.09K -5.24% $889.87 73.9K Jun 30, 2025 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Purchased under the registrant's employee stock purchase plan.
F2 Represents 85% of the closing price of the registrant's common stock on January 2, 2025, the first day of the offering period under the employee stock purchase plan.
F3 The number of shares of KLA common stock includes 62,493.721 shares issuable upon vesting of restricted stock units ("RSUs").
F4 On August 4, 2022, the reporting person was granted RSUs with both performance-based and service-based vesting conditions ("PRSUs") divided into three tranches. The first tranche was for a target number of shares equal to 6,291.000 shares of KLA common stock. The maximum number of shares issuable under the first tranche of these PRSUs is 250% of the target shares if the sum of KLA's non-GAAP earnings per diluted share for fiscal year 2023 and fiscal year 2024 equaled or exceeded $56.62. On August 1, 2024, KLA's Board of Directors and Compensation and Talent Committee determined that the performance conditions applicable to the first tranche of these PRSUs were satisfied at 131% of target shares. The first tranche of these PRSUs (8,241.210) vested on June 30, 2025, and were subject to the continued service of the reporting person.
F5 Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld to cover required tax withholding on the 8.241.210 shares of KLA common stock that vested. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on June 30, 2025.
F6 The number of shares of KLA common stock includes 54,252.511 shares issuable upon vesting of RSUs.