Sanders Adam 4

What Happened

• Adam Sanders, Corporate Controller & CAO of Applied Materials (AMAT), had 125 shares withheld on July 1, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withheld shares are reported as a disposition at $650.91 per share, totaling $81,364. This was a tax-withholding transaction (code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-07-01 — 125 shares at $650.91 each (total ~$81,364).
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: The 125 shares were automatically withheld upon RSU vesting to cover tax obligations; this withholding is exempt under Rule 16b-3.
  • F2: Reported holdings include 3,780 RSUs previously reported that will convert one-for-one into common shares as they vest (installments scheduled Oct 2026–Jan 2030, subject to continued employment).
• Filing timeliness: The report does not indicate a late filing.

Context

• This is a routine tax-withholding event tied to RSU vesting — common for executives and generally not interpreted as a market sentiment signal. The shares were withheld to satisfy taxes rather than sold in the open market.