Micron Technology EVP & CLO Executes $5.85M Rule 10b5-1 Stock Sale

Executive Summary

On October 15–16, 2026, Micron Technology, Inc. (MU) filed a Form 4 detailing multiple equity transactions by Michael Charles Ray, Senior Vice President and Chief Legal Officer. The filing includes an RSU grant, share withholdings for taxes, and open-market sales totaling 6,288 shares across 24 separate price tranches on October 14, 2026, generating approximately $5.85 million in gross proceeds.

Key Transaction Highlights

• Open-Market Sales (Code S): 6,288 shares were sold on October 14, 2026, at weighted average prices between $914.13 and $945.91, for a volume-weighted average price of ~$929.70 per share.
• Rule 10b5-1 Plan: Footnote 4 indicates that all sales were conducted pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on January 30, 2026.
• Tax Withholding (Code F): On October 13, 2026, 8,989 shares were withheld at $989.04 per share (~$8.89 million) to satisfy tax liabilities associated with RSU vestings.
• Equity Grants & Performance RSUs: On October 13, 2026, Ray received a restricted stock award of 4,298 shares vesting over three years, alongside performance certification for Data Center SSD, HBM3E+, and TSR-linked PRSU cycles.
• Post-Transaction Ownership: Following the reported sales, the reporting owner directly retains 56,288 common shares.

Market & Governance Context

Because the sales were executed under a pre-established Rule 10b5-1 trading plan adopted in January 2026, the transaction reflects scheduled executive liquidity rather than opportunistic, sentiment-driven selling. Ray retains a substantial direct equity stake exceeding 56,000 shares in addition to unvested performance units.