KLA CEO Richard P. Wallace Sells Shares for Tax Withholding

What Happened
Richard P. Wallace, President and CEO of KLA Corp (KLAC), had shares withheld to satisfy tax withholding when RSUs vested. On Aug 1, 2026, 13,213.071 shares were withheld/disposed at $182.82/share for $2,415,614. On Aug 3, 2026, 19,440.319 shares were withheld/disposed at $182.82/share for $3,554,079. Combined, about 32,653.39 shares were withheld, totaling approximately $5.97 million.

Key Details

• Transaction dates & prices: Aug 1, 2026 — 13,213.071 shares @ $182.82; Aug 3, 2026 — 19,440.319 shares @ $182.82.
• Total proceeds (withheld value): $2,415,614 (Aug 1) and $3,554,079 (Aug 3); combined ≈ $5,969,693.
• Transaction code F: these dispositions reflect shares automatically withheld to cover tax withholding on vested restricted stock units (RSUs).
• Vesting info: 25% of RSUs from grants made Aug 1, 2024 and Aug 3, 2023 vested on Aug 1 and Aug 3, 2026 respectively; the withholding calculations used KLA's closing price on July 31, 2026. (Footnotes note 455,983.980 and 416,773.980 shares issuable upon vesting for the respective grants.)
• Shares beneficially owned after the transactions are not specified in the excerpt provided.
• Filing: Form 4 was filed Aug 3, 2026; the report does not indicate a late filing.

Context
This was a routine tax-withholding transaction tied to RSU vesting (not an open-market sale or discretionary trade). When RSUs vest, companies commonly withhold a portion of shares to cover required taxes — a mechanical/cashless action that doesn't necessarily signal the insider's view of the stock. Transaction code F denotes withholding for tax obligations.