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APPLIED MATERIALS INC /DE·4

Jun 5, 5:04 PM ET

Raja Prabu G. 4

Research Summary

AI-generated summary

Updated

Applied Materials (AMAT) President Raja Prabu Sells 50,000 Shares

What Happened
Raja Prabu G., President of the Semiconductor Products Group at Applied Materials (AMAT), disposed of a total of 50,000 shares on June 4, 2026 in four sale transactions (reported as "S" — open market or private sale). The four lots were: 25,309 shares at a weighted average $504.66 (≈ $12.77M), 15,083 shares at $505.51 (≈ $7.62M), 7,805 shares at $506.46 (≈ $3.95M), and 1,803 shares at $507.06 (≈ $0.91M). Total proceeds across all sales were about $25.26 million. These were sales (disposals), not purchases.

Key Details

  • Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely filing).
  • Per‑lot weighted average prices and proceeds:
    • 25,309 sh @ $504.66 → $12,772,440 (prices in this lot ranged $503.99–$504.98)
    • 15,083 sh @ $505.51 → $7,624,607 (range $504.99–$505.98)
    • 7,805 sh @ $506.46 → $3,952,920 (range $505.99–$506.98)
    • 1,803 sh @ $507.06 → $914,229 (range $506.99–$507.23)
  • Total shares sold: 50,000; total proceeds: ~$25.26M.
  • Shares owned after transaction: Not specified in the provided filing text. The filing notes (F5) that reported share totals include periodic payroll acquisitions (ESPP) and 100,517 unvested awards (39,181 restricted stock units vesting Dec 2026–2028; 61,336 performance share units target amount vesting Dec 2026–2028, actual PSU payout 0–200% depending on performance).
  • Footnotes F1–F4: reported prices are weighted averages; each lot was executed in multiple trades within the stated price ranges.
  • Transaction code: S = Sale. No 10b5‑1 plan or tax‑withholding details were reported in the provided text.

Context

  • These were outright share sales (proceeds to insider). For retail investors, purchases typically signal stronger insider conviction; sales can be routine (diversification, tax planning, liquidity) and do not by themselves indicate negative views.
  • The filing includes unvested RSUs/PSUs subject to future vesting and performance conditions; those are not current shares and may convert to common stock in future periods if conditions are met.