Ava Hahn - Jan 3, 2024 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Chief Legal Officer & SVP
Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Jan 3, 2024
Transactions value $
-$1,010,971
Form type
4
Date filed
1/4/2024, 03:21 PM
Previous filing
Mar 3, 2023
Next filing
Feb 20, 2024
SEC
View on sec.gov

Transactions Table

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 -2.34K -100% $0.00* 0 Jan 3, 2024 Common Stock 2.34K $300.33 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 6, 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 03/02/2021, 03/02/2022, and 03/02/2023.