TIMOTHY ARCHER - 01 Mar 2024 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role: President and CEO
Signature: Marta Woods by Power of Attorney
Issuer symbol: LRCX
Transactions as of: 01 Mar 2024
Net transactions value: -$8,930,941
Form type: 4
Filing time: 05 Mar 2024, 11:32:07 UTC
Previous filing: 08 Feb 2024
Next filing: 14 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRCX	Common Stock	Award	$0	+4,908	+5%	$0.000000	103,347	01 Mar 2024	Direct	F1, F2
transaction	LRCX	Common Stock	Tax liability	$5,834,214	-5,944	-5.8%	$981.53	97,403	01 Mar 2024	Direct	F2, F3
transaction	LRCX	Common Stock	Tax liability	$1,296,601	-1,321	-1.4%	$981.53	96,082	01 Mar 2024	Direct	F2, F3
transaction	LRCX	Common Stock	Tax liability	$821,541	-837	-0.87%	$981.53	95,245	01 Mar 2024	Direct	F2, F3
transaction	LRCX	Common Stock	Tax liability	$978,585	-997	-1%	$981.53	94,248	01 Mar 2024	Direct	F2, F3
holding	LRCX	Common Stock						4,803	01 Mar 2024	By 401(k)
holding	LRCX	Common Stock						567	01 Mar 2024	By Spouse 401(k)

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	Market-based Performance Restricted Stock Unit	Award	$0	+14,726		$0.000000	14,726	01 Mar 2024	Common Stock	14,726	$0.000000	Direct	F4
transaction	LRCX	Employee Stock Option (Right to Buy)	Award	$0	+14,724		$0.000000	14,724	01 Mar 2024	Common Stock	14,724	$981.53	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units will vest in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.
F2	The amount reported includes shares subject to unvested restricted stock units.
F3	Represents shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
F4	The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2027. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2024 through 01/31/2027
F5	The stock options will become exercisable in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.