Patrick J. Lord - Nov 16, 2023 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Nov 16, 2023
Transactions value $
-$1,481,844
Form type
4
Date filed
11/17/2023, 11:53 AM
Previous filing
Nov 15, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $501K +2.83K +28.63% $176.75 12.7K Nov 16, 2023 Direct F1, F2
transaction LRCX Common Stock Sale -$1.98M -2.83K -22.26% $700.00 9.89K Nov 16, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LRCX Employee Stock Option (Right to Buy) Options Exercise $0 -2.83K -100% $0.00* 0 Nov 16, 2023 Common Stock 2.83K $176.75 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 his transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 24, 2023.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 The stock options will become exercisable in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.