Lam Research (LRCX) Chief Legal Officer Ava Harter Sells 5,000 Shares

What Happened

• Ava Harter, Chief Legal Officer of Lam Research (LRCX), sold 5,000 shares in an open-market transaction on August 31, 2026. The shares were sold at $302.46 each for a total value of $1,512,300. The filing reports the sale as an S (sale) transaction.

Key Details

• Transaction date and price: 2026-08-31 at $302.46 per share.
• Total proceeds: $1,512,300.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: (1) Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted April 28, 2026. (2) The amount reported includes shares subject to unvested restricted stock units (RSUs).
• Timeliness: Form 4 was filed on 2026-09-01 for the 2026-08-31 trade (filed within the usual Form 4 reporting window).

Context

• This was a sale (often routine) executed under a 10b5-1 plan, which is a prearranged trading program that can indicate the trades were pre-planned rather than reactive to recent company developments. The inclusion of unvested RSUs in the reported amount means some of the reported shares relate to awards that have not yet vested. As always, sales by insiders are not in themselves proof of company outlook—investors should consider insider activity alongside broader fundamentals and news.