DICKERSON GARY E 4

What Happened

• Gary E. Dickerson, President, CEO and a director of Applied Materials (AMAT), sold a total of 78,321 shares in open‑market transactions on June 29–30, 2026. The trades consisted of 50,332 shares ($35.24M), 7,989 shares ($5.60M), 19,970 shares ($14.68M), and 30 shares ($22K), for aggregate proceeds of about $55.6 million. These were outright sales (transaction code S), not purchases or option exercises.

Key Details

• Transaction dates and reported prices:
  • 2026-06-29: 50,332 shares at a weighted average ~$700.21 (sales executed across $700.00–$700.98) — $35,242,970 (footnote F1).
  • 2026-06-29: 7,989 shares at a weighted average ~$701.33 (sales across $701.04–$701.64) — $5,602,925 (footnote F3).
  • 2026-06-30: 19,970 shares at a weighted average ~$735.22 (sales across $735.00–$735.94) — $14,682,343 (footnote F4).
  • 2026-06-30: 30 shares at a weighted average ~$736.05 (sales at $736.01 and $736.09) — $22,082 (footnote F5).
• Filing: Form 4 filed 2026-07-01 (covers June 29–30 trades). No late‑filing flag is indicated in the provided excerpt.
• Shares owned after transaction: not specified in the excerpt provided. The filing notes 379,244 performance share units and restricted stock units that will convert one‑for‑one upon vesting (footnote F2).
• Footnotes: prices are reported as weighted averages with ranges for the multiple execution prices; F2 describes vesting schedule and performance‑based vesting (0–200% range for PSUs) through Dec 2026–2028.

Context

• These were open‑market sales (S), which are often routine liquidity or diversification moves by executives; they do not necessarily indicate a change in view on the company.
• The filing also highlights outstanding equity awards (RSUs and performance share units) that may convert to common stock in future vesting periods, subject to continued employment and performance targets.