Lam Research SVP Varadarajan Seshasayee Sells $17.4M in Stock Under 10b5-1 Plan
LAM RESEARCH CORP
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Filing Summary
Lam Research Corp ($LRCX) Insider Trade: • Insider: Varadarajan Seshasayee (Senior Vice President) • Type: Sale (including Option Exercise) • Shares Sold: 59,750 @ $291.32 • Total Proceeds: $17,406,370.00 • Remaining Direct Holdings: 205,546 shares • Plan: Executed under a Rule 10b5-1 trading plan adopted on May 4, 2026.
Comprehensive Analysis
Insider Transaction Summary
- Insider: Varadarajan Seshasayee, Senior Vice President
- Issuer: Lam Research Corp ($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.
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