RAY MICHAEL CHARLES 4
Research Summary
AI-generated summary
Micron (MU) Chief Legal Officer Ray Michael Charles Sells 12,268 Shares
What Happened
Ray Michael Charles, SVP and Chief Legal Officer of Micron Technology (MU), sold a total of 12,268 shares in open-market transactions on January 27, 2026, generating aggregate proceeds of approximately $5,025,987. Sales were executed in multiple blocks at reported prices ranging roughly from $400.67 to $416.20 per share; the filing reports weighted-average prices for several blocks. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted April 21, 2025 — a prearranged plan that typically indicates routine, scheduled selling rather than ad hoc insider trading.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (filed timely).
- Total shares sold: 12,268 shares for total proceeds ≈ $5,025,987.
- Reported per-share prices: weighted averages across lots; sales reported at prices from about $400.67 up to $416.20 per share (individual block ranges disclosed in footnotes).
- Method: Open market dispositions (Sale — code S).
- Plan: Sales executed under a Rule 10b5-1 trading plan adopted April 21, 2025 (footnote F1).
- Shares owned after the transaction: not provided in the excerpt of the filing.
Context
Sales under a 10b5-1 plan are prearranged and common for executives to diversify or meet liquidity needs; they are generally viewed as routine rather than a direct signal about the company’s near-term prospects. No purchases, option exercises, gifts, or tax-withholdings are reported in this filing.