Lam Research SVP Varadarajan Seshasayee Sells $17.4M in Stock Under 10b5-1 Plan

Insider Transaction Summary

• Insider: Varadarajan Seshasayee, Senior Vice President
• Issuer: Lam Research Corp ($LRCX)
• Transaction Date: September 2, 2026
• Filing Date: September 3, 2026
• Nature of Transactions:
  • Exercised 12,270 stock options at an exercise price of $59.881 per share.
  • Exercised 27,480 stock options at an exercise price of $30.033 per share.
  • Sold a total of 59,750 shares of common stock at a weighted average price of $291.32 per share (consisting of the 39,750 exercised shares plus 20,000 existing direct shares).
• Total Gross Sale Proceeds: $17,406,370.00
• Post-Transaction Holdings:
  • Direct: 205,546 shares (including unvested restricted stock units)
  • Indirect (401(k)): 2,366.911 shares

Key Takeaways

• Rule 10b5-1 Plan: The transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan established on May 4, 2026.
• Significance: Medium. While the dollar amount is significant ($17.4M), a substantial portion of the sale was driven by option exercises approaching their expiration windows (expiring in 2027 and 2028), pre-scheduled under a 10b5-1 plan.