Omkaram Nalamasu - Mar 20, 2023 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Role: Senior Vice President, CTO
Signature: /s/ To-Anh Nguyen, Attorney-in-Fact
Stock symbol: AMAT
Transactions as of: Mar 20, 2023
Transactions value $: -$3,671,667
Form type: 4
Date filed: 3/22/2023, 06:37 PM
Previous filing: Dec 21, 2022
Next filing: Dec 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMAT	Common Stock	Sale	-$3.67M	-29.4K	-13.16%	$124.70	194K	Mar 20, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3. Number of shares includes 73,623 performance share units and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting is scheduled to occur as follows: (a) 29,651 restricted stock units are scheduled to vest in installments in December of 2023 through 2025, and (b) 43,972 performance share units are scheduled to vest in installments in December of 2023 through 2025, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).

Content

Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3. Number of shares includes 73,623 performance share units and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting is scheduled to occur as follows: (a) 29,651 restricted stock units are scheduled to vest in installments in December of 2023 through 2025, and (b) 43,972 performance share units are scheduled to vest in installments in December of 2023 through 2025, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).