Sanders Adam 4

What Happened Adam Sanders, Corporate Controller & CAO of Applied Materials (AMAT), had 125 shares withheld on April 1, 2026 to cover tax withholding on vested restricted stock units (RSUs). The shares were valued at $353.80 each for a total of approximately $44,225. The reported disposition is a tax-withholding transaction (code F) and is treated as exempt under Rule 16b-3.

Key Details

• Transaction date and price: 2026-04-01; 125 shares @ $353.80.
• Total value withheld: ~$44,225.
• Transaction type/code: Tax withholding on RSU vesting (F); reported as a disposition (shares withheld).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 confirms automatic withholding to cover tax obligations on vesting (exempt under Rule 16b-3). F2 notes periodic ESPP acquisitions and that 4,134 previously reported RSUs will convert one-for-one into shares upon future vesting (vests July 2026–Jan 2030, subject to continued employment).
• Filing timeliness: Reported 2026-04-02 for a 2026-04-01 transaction (filed promptly).

Context This was a routine administrative tax-withholding on RSU vesting (not an open-market sale or a purchase). Such withholdings are common and don’t necessarily indicate insider sentiment about the stock. For investors, outright purchases by insiders are generally more informative than tax-related withholdings.