KLA (KLAC) CEO Richard P. Wallace Sells $9.99M Shares

What Happened
Richard P. Wallace, President and CEO of KLA Corporation (KLAC), sold 4,512 shares in an open-market transaction on 2026-06-11 at $2,213.37 per share, for a total of $9,986,725. The sale was reported on a Form 4 filed the same day. This was a sale (not a purchase); the filing notes the transaction was made under a pre-established trading plan.

Key Details

• Date and price: 2026-06-11 — 4,512 shares sold @ $2,213.37 per share; proceeds $9,986,725.
• Transaction type/code: Open-market sale (S).
• Shares owned after transaction: The filing does not list a specific post-transaction total; the reported beneficial ownership figure includes 57,511.168 shares issuable upon vesting of RSUs.
• Notable footnotes: Sale effected pursuant to a Rule 10b5-1 trading plan adopted Nov 19, 2025 (F1). Holdings include 57,511.168 RSU shares (F2).
• Timeliness: Form 4 was filed on 2026-06-11 (same day as the transaction); no late filing indicated.

Context
Sales executed under Rule 10b5-1 plans are prearranged and often routine means for insiders to diversify or manage taxes; they do not by themselves indicate a change in the insider’s view of the company. For retail investors, purchases typically carry more direct signal value than scheduled sales.