Xun Chen - Dec 31, 2022 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Role: Director
Signature: /s/ To-Anh Nguyen, Attorney-in-Fact
Stock symbol: AMAT
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 06:11 PM
Previous filing: Mar 14, 2022
Next filing: Mar 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMAT	Common Stock	Award	$0	+221	+0.56%	$0.00	39.9K	Dec 31, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents number of restricted stock units automatically acquired based on a value of $97.38 per share, the closing price of Applied Materials, Inc. ("Applied") common stock on December 30, 2022, in a transaction exempt under Rule 16b-3(d). This automatic acquisition resulted from dividends accrued on vested restricted stock units that, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.
F2	Number of shares includes: (a) 21,628 restricted stock units previously reported that have vested and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors and (b) 1,920 restricted stock units previously reported that are scheduled to vest in March 2023 (subject to continued service as a director through the vesting date) and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.

Content

Represents number of restricted stock units automatically acquired based on a value of $97.38 per share, the closing price of Applied Materials, Inc. ("Applied") common stock on December 30, 2022, in a transaction exempt under Rule 16b-3(d). This automatic acquisition resulted from dividends accrued on vested restricted stock units that, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.

Number of shares includes: (a) 21,628 restricted stock units previously reported that have vested and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors and (b) 1,920 restricted stock units previously reported that are scheduled to vest in March 2023 (subject to continued service as a director through the vesting date) and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.