Raja Prabu G. 4
4 · APPLIED MATERIALS INC /DE · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Applied Materials (AMAT) President Raja Prabu Sells 10,000 Shares
What Happened
Raja Prabu G., President of the Semiconductor Products Group at Applied Materials (AMAT), sold 10,000 shares in an open-market transaction on June 18, 2026. The shares were disposed for a weighted-average price of $633.53 per share, for a total proceeds of approximately $6,335,300.
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely filing).
- Price: weighted average $633.53; executed in multiple trades at $633.51 and $633.79 (reporting person can provide breakdown on request).
- Shares sold: 10,000; total proceeds: ~$6.34 million.
- Shares owned after transaction: not specified in the filing.
- Footnote on awards: filing notes 100,517 performance share units (PSUs) and restricted stock units (RSUs) that will convert 1-for-1 into common shares upon vesting (39,181 RSUs and 61,336 PSUs scheduled to vest in installments Dec 2026–2028; PSU payout ranges from 0%–200% of target based on performance).
- Transaction type: open-market sale (code S).
Context
Sales by executives are common and often reflect personal or portfolio liquidity needs rather than company outlook; this filing is a straightforward open-market sale, not an option exercise or gift. The disclosure of unvested RSUs/PSUs provides additional context on potential future share increases if performance and vesting conditions are met.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-18$633.53/sh−10,000$6,335,300→ 346,642 total(indirect: By Trust)
- 100,663
Common Stock
[F2]
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $633.51 and $633.79 per share. The reporting person undertakes to provide to Applied Materials, Inc. ("Applied"), any security holder of Applied, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in footnote 1 to this Form 4.
- [F2]Number of shares includes 100,517 performance share units and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur as follows: (a) 39,181 restricted stock units are scheduled to vest in installments in December of 2026 through 2028, and (b) 61,336 performance share units are scheduled to vest in installments in December of 2026 through 2028, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).