BRANDT ERIC 4
4 · LAM RESEARCH CORP · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Lam Research (LRCX) Director Eric Brandt Sells 54,500 Shares
What Happened
- Eric Brandt, a director of Lam Research (LRCX), sold a total of 54,500 shares in multiple open-market transactions executed on June 11, 2026. The total reported proceeds were $19,118,358 (weighted-average price ≈ $350.80).
- Individual trade prices reported in the filing span roughly $337.00 to $364.37 (many line items use weighted-average prices because each line aggregates multiple trades). These were sales (transaction code S), and at least some of the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 6, 2026—indicating preplanned sales rather than discretionary trading.
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (filed within the standard two business days, i.e., timely).
- Shares sold: 54,500; total proceeds: $19,118,358; approximate weighted-average price: $350.8 per share.
- Price details: individual reported prices (or weighted averages) range from about $337.00 up to $364.37; numerous footnotes in the filing (F2–F27, etc.) show many line items are weighted-average prices from multiple trades—see the filing for per-line ranges.
- Notable footnotes: F1 notes a Rule 10b5-1 trading plan (adopted Feb 6, 2026). F3 indicates some amounts reported may include shares subject to unvested restricted stock units.
- Shares owned after the transactions: not specified in the summary provided here (refer to the full Form 4 for post-transaction holdings).
Context
- These were outright sales (S). Sales executed under 10b5-1 plans are prearranged and common for insiders to systematically monetize holdings; while they reduce insider ownership, they are not, by themselves, a clear signal about the director’s view of the company. Purchases typically carry more informational weight for signaling confidence.
Insider Transaction Report
Form 4
BRANDT ERIC
Director
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-06-11$337.56/sh−974$328,783→ 252,731 total - Sale
Common Stock
[F1][F4][F3]2026-06-11$338.62/sh−1,083$366,725→ 251,648 total - Sale
Common Stock
[F1][F5][F3]2026-06-11$339.75/sh−1,895$643,826→ 249,753 total - Sale
Common Stock
[F1][F6][F3]2026-06-11$340.68/sh−1,277$435,048→ 248,476 total - Sale
Common Stock
[F1][F7][F3]2026-06-11$341.81/sh−1,070$365,737→ 247,406 total - Sale
Common Stock
[F1][F8][F3]2026-06-11$342.91/sh−3,644$1,249,564→ 243,762 total - Sale
Common Stock
[F1][F9][F3]2026-06-11$343.96/sh−1,481$509,405→ 242,281 total - Sale
Common Stock
[F1][F10][F3]2026-06-11$344.92/sh−3,208$1,106,503→ 239,073 total - Sale
Common Stock
[F1][F11][F3]2026-06-11$345.84/sh−2,832$979,419→ 236,241 total - Sale
Common Stock
[F1][F12][F3]2026-06-11$346.79/sh−3,442$1,193,651→ 232,799 total - Sale
Common Stock
[F1][F13][F3]2026-06-11$347.86/sh−6,592$2,293,093→ 226,207 total - Sale
Common Stock
[F1][F14][F3]2026-06-11$348.73/sh−4,334$1,511,396→ 221,873 total - Sale
Common Stock
[F1][F15][F3]2026-06-11$349.79/sh−1,517$530,631→ 220,356 total - Sale
Common Stock
[F1][F3]2026-06-11$350.77/sh−36$12,628→ 220,320 total - Sale
Common Stock
[F1][F16][F3]2026-06-11$353.52/sh−1,172$414,325→ 219,148 total - Sale
Common Stock
[F1][F17][F3]2026-06-11$354.08/sh−1,461$517,311→ 217,687 total - Sale
Common Stock
[F1][F18][F3]2026-06-11$355.50/sh−1,331$473,171→ 216,356 total - Sale
Common Stock
[F1][F19][F3]2026-06-11$356.27/sh−1,653$588,914→ 214,703 total - Sale
Common Stock
[F1][F20][F3]2026-06-11$357.06/sh−1,455$519,522→ 213,248 total - Sale
Common Stock
[F1][F21][F3]2026-06-11$358.22/sh−1,880$673,454→ 211,368 total - Sale
Common Stock
[F1][F22][F3]2026-06-11$359.24/sh−780$280,207→ 210,588 total - Sale
Common Stock
[F1][F23][F3]2026-06-11$360.24/sh−664$239,199→ 209,924 total - Sale
Common Stock
[F1][F24][F3]2026-06-11$361.05/sh−1,756$634,004→ 208,168 total - Sale
Common Stock
[F1][F25][F3]2026-06-11$362.20/sh−2,604$943,169→ 205,564 total - Sale
Common Stock
[F1][F26][F3]2026-06-11$362.95/sh−5,717$2,074,985→ 199,847 total - Sale
Common Stock
[F1][F27][F3]2026-06-11$364.00/sh−642$233,688→ 199,205 total
Footnotes (27)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 6, 2026.
- [F10]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $344.396 to $345.348, inclusive
- [F11]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $345.386 to $346.336, inclusive
- [F12]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $346.383 to $347.359, inclusive
- [F13]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $347.383 to $348.355, inclusive
- [F14]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $348.391 to $349.351, inclusive
- [F15]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $349.409 to $350.260, inclusive
- [F16]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $352.824 to $353.805, inclusive
- [F17]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $353.818 to $354.743, inclusive
- [F18]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $354.805 to $355.746, inclusive
- [F19]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $355.75 to $356.709, inclusive
- [F2]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $337.00 to $337.97, inclusive
- [F20]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $356.759 to $357.703, inclusive
- [F21]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $357.762 to $358.70, inclusive
- [F22]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $358.79 to $359.735, inclusive
- [F23]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $359.819 to $360.59, inclusive
- [F24]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $360.60 to $361.54, inclusive
- [F25]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $361.595 to $362.550, inclusive
- [F26]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $362.58 to $363.57, inclusive
- [F27]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $363.765 to $364.37, inclusive
- [F3]The amount reported includes shares subject to unvested restricted stock units.
- [F4]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $338.19 to $339.15, inclusive
- [F5]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $339.23 to $340.20, inclusive
- [F6]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $340.278 to $341.249, inclusive
- [F7]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $341.418 to $342.202, inclusive
- [F8]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $342.415 to $343.39, inclusive
- [F9]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $343.40 to $344.377, inclusive
Signature
Marta Woods by Power of Attorney|2026-06-15