Fernandes Neil J 4

What Happened Neil J. Fernandes, Senior Vice President at Lam Research (LRCX), sold 7,659 shares on June 1, 2026, at $309.60 per share, generating proceeds of approximately $2,371,226. This was a sale (not a purchase or award).

Key Details

• Transaction date and price: 2026-06-01 — 7,659 shares sold at $309.60 each.
• Total proceeds: ~$2,371,226.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1 — The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Fernandes on November 17, 2025 (prearranged plan).
  • F2 — The amount reported for ownership includes shares subject to unvested restricted stock units.
• Filing date/timeliness: Form 4 filed on 2026-06-02 (timely; within the typical two-business-day reporting window).

Context A 10b5-1 plan lets insiders sell shares according to a pre-set schedule and is commonly used to avoid questions about timing; it does not necessarily indicate a change in the insider’s view on the company. The F2 note means reported ownership counts may include unvested RSUs, which affects how many shares are actually free to sell. This transaction is a routine insider sale rather than a purchase signal.