Micron Technology: president and COO Manish H Bhatia exercised 159,317 shares

What happened

• Manish H Bhatia, president and chief operating officer, exercised or converted derivatives and received awards totaling 159,317 shares on Oct 13, 2026. Multiple awards and conversions show an acquisition price of $0.00 per share.
• The filing reports 127,785 shares were disposed as payment of exercise price or to satisfy tax liabilities (code F) at $989.04 per share, generating $58,440,395 in total.

Key details

• Transaction date: Oct 13, 2026. Form filed Oct 15, 2026 (Accession 0001689498-26-000002).
• Prices: acquisitions/conversions reported at $0.00 per share (codes A and M); disposals for tax withholding reported at $989.04 per share (code F).
• Shares acquired: 159,317 shares. Shares disposed: 127,785 shares. Net change from these transactions: +31,532 shares.
• Shares owned after the transactions: not reported in the material provided here.
• Relevant footnotes:
  • F3: withholding of common stock shares to satisfy tax withholding obligations in connection with vesting.
  • F4 and F5: certification and payout of performance-based restricted stock units (PRSUs) for awards granted Oct 13, 2023; shares reported represent amounts earned and vested upon certification.
  • F6 and F7: certification of performance metrics for PRSUs granted Oct 13, 2024; reported shares represent amounts earned as of the end of year 2 and remain subject to vesting until year 3 certification.
  • F1: restricted stock awards vest in three equal annual installments beginning on the first anniversary of grant.
  • F2: includes 229.064 shares acquired Jan 20, 2026 under the employee stock purchase plan (exempt from reporting under certain rules).

Why it may matter

• The filing shows conversions/exercises and awards were issued and that shares were surrendered or withheld to satisfy tax obligations (a form of cashless settlement rather than a separate open-market sale).
• For derivative transactions, the report lists exercises or conversions (code M).
• This filing does not show why the insider traded or why the company acted.