RAY MICHAEL CHARLES 4
Research Summary
AI-generated summary
Micron (MU) SVP/Chief Legal Officer Ray M. Charles Sells Shares
What Happened
Ray Michael Charles, SVP and Chief Legal Officer of Micron Technology (MU), sold a total of 7,601 shares in open-market transactions on May 1, 2026. The trades generated approximately $4.06 million in proceeds. Individual sale lots reported prices (weighted averages where noted) range roughly from $511.21 to $544.89 per share. These were sales (not purchases or option exercises).
Key Details
- Transaction date: May 1, 2026 (Form 4 filed May 5, 2026 — filed within the required two business days).
- Total shares sold: 7,601; total reported proceeds: ≈ $4,061,207.
- Reported price range: weighted-average price groupings span roughly $511.21 to $544.89 per share (many lots reported as weighted averages with specific price ranges in footnotes).
- Method: open-market sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 30, 2026 (Footnote F1).
- Other footnotes: several lots use weighted-average reporting with disclosed price ranges (F2–F26). Footnote F3 notes 152.389 shares acquired Jan 30, 2026 under the company ESPP (an acquisition exempt from certain reporting rules).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Transaction code: S = Sale.
Context
Sales done under a 10b5-1 plan are preplanned and typically viewed as routine rather than an ad hoc signal about company prospects. For retail investors, purchases by insiders are often more indicative of bullish conviction; sales alone do not necessarily imply negative insider sentiment.