ARCHER TIMOTHY 4

What Happened
Timothy Archer, President & CEO of Lam Research (LRCX), exercised 30,000 options (strike/consideration $30.03) to acquire shares and immediately sold 30,000 shares in an open-market transaction on July 2, 2026. The exercise cost was $900,990 (30,000 × $30.03); the subsequent sale fetched approximately $11,700,300 (30,000 × $390.01). The filing also shows a separate derivative disposition of 30,000 shares at $0 on the same date (see Key Details).

Key Details

• Transaction date: July 2, 2026
• Exercise: 30,000 shares acquired at $30.03 — total $900,990
• Sale: 30,000 shares sold on open market at $390.01 — proceeds ~$11,700,300
• Derivative disposition: 30,000 shares reported disposed at $0 (filing does not fully explain this line)
• Shares owned after transaction: Not specified in the filing
• Footnotes from filing:
  • F1: Trade effected pursuant to a Rule 10b5-1 trading plan adopted Feb 24, 2026
  • F2: Reported amount includes shares subject to unvested restricted stock units
  • F3: The stock options referenced became exercisable in three installments (03/02/2021, 03/02/2022, 03/02/2023)
• Filing date: July 6, 2026 (reports the July 2 transaction)

Context
This was an exercise of options followed by an immediate sale of the resulting shares — effectively a cashless exercise and sale on the same day. The sale was made under a pre-established 10b5-1 plan, which typically means the trade was preplanned rather than a discretionary, on-the-spot decision. The filing does not indicate any late-reporting flag.