Harter Ava 4

What Happened

• Ava Harter, Chief Legal Officer of Lam Research (LRCX), exercised 6,010 option-derived shares and sold 6,010 shares on 2026-04-27. The exercise shows a reported cost basis of $77.04 per share (total $463,004) and an open-market sale at $258.66 per share (gross proceeds $1,554,547). The filing also lists a derivative disposition of 6,010 shares at $0 (part of the exercise/conversion reporting).

Key Details

• Transaction date: 2026-04-27; Form 4 filed 2026-04-28 (timely; Form 4s are typically due within two business days).
• Exercise: 6,010 shares @ $77.04 (total $463,004).
• Sale: 6,010 shares @ $258.66 (gross proceeds $1,554,547).
• Additional derivative line: 6,010 shares @ $0 reported as "Disposed" (related to the exercise/conversion).
• Footnotes: F1 — reported amount includes shares subject to unvested restricted stock units; F2 — the related stock options vest in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.
• Shares owned after the transaction: Not specified in the provided filing.

Context

• This was an exercise of options followed by an immediate open‑market sale (a cashless or simultaneous sell-after-exercise pattern). That converts option value into cash for the insider; it is common and does not by itself indicate a view on the company’s prospects.
• The filing shows both the exercise cost and the sale proceeds; the transactions generated roughly $1.55M in proceeds against $463k exercise cost (before taxes and fees).