Lam Research President & CEO Timothy Archer Sells $9.58M in Shares via 10b5-1 Plan

Executive Summary

On September 9, 2026, Timothy Archer, President and Chief Executive Officer of Lam Research Corp ($LRCX), executed an option exercise and sale of 30,000 shares of common stock under a pre-established Rule 10b5-1 trading plan.

Transaction Details

• Option Exercise: Exercised 30,000 stock options expiring March 2, 2027, at an exercise price of $30.033 per share.
• Open Market Sale: Sold 30,000 common shares at an average price of $319.26 per share, generating gross proceeds of approximately $9,577,800.00.
• Pre-Arranged Plan: The transaction was executed under a Rule 10b5-1 trading plan established on February 24, 2026.
• Retained Ownership: Following the transaction, Timothy Archer directly retains 1,075,966 shares of common stock (including unvested restricted stock units), in addition to indirect holdings of 48,025.72 shares via 401(k) and 5,670.002 shares via Spouse 401(k).

Significance & Market Context

Because the transaction represents an exercise of stock options nearing expiration combined with an immediate sale executed pursuant to a pre-scheduled Rule 10b5-1 plan, it reflects standard executive equity compensation realization rather than a discretionary change in sentiment regarding company performance.