Iannotti Thomas J 4

What Happened Thomas J. Iannotti, a director of Applied Materials (AMAT), sold 9,250 shares in open-market transactions on 2026-06-16 for a weighted-average price of $599.77, generating gross proceeds of $5,547,873. On the same day he also gifted 750 shares (no cash proceeds). These transactions are dispositions (sales/gift) rather than purchases.

Key Details

• Transaction date: 2026-06-16; Form 4 filed 2026-06-17 (appears timely).
• Sale: 9,250 shares; weighted-average price reported $599.77; total proceeds $5,547,873.
• Price range: shares were sold in multiple trades at prices between $599.45 and $600.39 (footnote F1).
• Gift: 750 shares reported as a gift (code G) with $0 proceeds. Gifts do not necessarily reflect market sentiment.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote F2: the reported share count includes 741 restricted stock units (RSUs) that will convert one-for-one into common shares upon vesting in March 2027, subject to continued service as a director.

Context Sales by directors are common and can be for many personal or tax reasons; they are not the same signal as purchases. The filing notes multiple sale prices (weighted average reported) and an accompanying small gift; no options exercise or other derivative activity was reported.