Prabu G. Raja - 14 Dec 2023 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Role: President, Semi. Products Grp.
Signature: /s/ To-Anh Nguyen, Attorney-in-Fact
Issuer symbol: AMAT
Transactions as of: 14 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 18 Dec 2023, 17:59:27 UTC
Previous filing: 11 Dec 2023
Next filing: 21 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMAT	Common Stock	Gift	$0	-70	-0.01%	$0.000000	544,389	14 Dec 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Number of shares includes 218,574 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) 49,652 performance share units are scheduled to vest in December of 2023, (b) 68,927 restricted stock units are scheduled to vest in installments in December of 2023 through 2026, (c) 66,226 performance share units are scheduled to vest in installments in December of 2024 through 2026, 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, and (continued below)
F2	(d) 33,769 performance share units are scheduled to vest in October of 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; notwithstanding the foregoing, if Dr. Raja's employment is terminated without cause prior to the end of the performance period, any unvested portion of the award will vest based on achievement of specified performance goals through his last day of employment (all vesting is subject to continued employment through each applicable vesting date).

Content

Number of shares includes 218,574 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) 49,652 performance share units are scheduled to vest in December of 2023, (b) 68,927 restricted stock units are scheduled to vest in installments in December of 2023 through 2026, (c) 66,226 performance share units are scheduled to vest in installments in December of 2024 through 2026, 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, and (continued below)

(d) 33,769 performance share units are scheduled to vest in October of 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; notwithstanding the foregoing, if Dr. Raja's employment is terminated without cause prior to the end of the performance period, any unvested portion of the award will vest based on achievement of specified performance goals through his last day of employment (all vesting is subject to continued employment through each applicable vesting date).