Vahedi Vahid 4

What Happened
Vahid Vahedi, Senior Vice President at Lam Research (LRCX), reported derivative conversions on 2026-02-03: 49,770 shares were acquired at $0.00 and 33,180 shares were reported as disposed at $0.00. The net result is an increase of 16,590 shares held (49,770 acquired − 33,180 disposed). The $0.00 price per share indicates these transactions were conversions/vestings of company awards rather than open-market trades.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (two days after the transactions).
• Transaction code: M = exercise or conversion of a derivative security.
• Shares reported acquired: 49,770 @ $0.00. Shares reported disposed: 33,180 @ $0.00. Net change: +16,590 shares.
• Shares owned after transaction: not specified in the filing (the filing notes the reported amounts include shares subject to unvested RSUs).
• Footnotes: The 33,180-share amount ties to a grant on 03/01/2023 of 33,180 market‑based Performance Restricted Stock Units (PRSUs) that vest between 0%–150% on 03/01/2026, based on Lam’s total shareholder return vs. the PHLX Semiconductor Sector Total Return Index over 02/01/2023–01/31/2026. The filing indicates reported amounts include unvested restricted stock units.

Context

• M-code derivative conversions at $0 usually reflect vesting or settlement of stock awards (PRSUs/RSUs), not purchases or open-market sales.
• For retail investors, such conversions are routine compensation events and do not by themselves indicate management buying or selling in the open market.