Fernandes Neil J 4

What Happened

• Neil J. Fernandes, Senior Vice President of Lam Research (LRCX), sold 18,170 shares in an open-market transaction on May 1, 2026. The shares were sold at $255.14 per share for a total value of $4,635,894. This was a sale (not a purchase) and therefore typically a routine disposition rather than an explicit bullish signal.

Key Details

• Transaction date and price: 2026-05-01 — 18,170 shares at $255.14 each (total ~$4.64M).
• Method: Open-market sale (Code S); effected pursuant to a Rule 10b5-1 trading plan adopted November 17, 2025 (Footnote F1).
• Reported amount includes shares that are subject to unvested restricted stock units (Footnote F2).
• Filing: Form 4 filed May 4, 2026. The filing date is within the SEC’s two business-day reporting window for this trade (timely).

Context

• Sales under 10b5-1 plans are prearranged trades that insiders often use for scheduled liquidity and to avoid accusations of trading on material non-public information; they do not necessarily reflect current views on the company. Because this was a sale, it’s generally less informative about insider confidence than a purchase would be. The filing excerpt did not disclose the insider’s exact shares owned after the transaction.