Omkaram Nalamasu - 22 Dec 2023 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Signature
/s/ To-Anh Nguyen, Attorney-in-Fact
Issuer symbol
AMAT
Transactions as of
22 Dec 2023
Net transactions value
-$3,773,389
Form type
4
Filing time
26 Dec 2023, 18:02:05 UTC
Previous filing
21 Dec 2023
Next filing
26 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAT Common Stock Sale $3,773,389 -23,228 -11% $162.45 190,972 22 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.99 to $162.71, inclusive. The reporting person undertakes to provide to Applied Materials, Inc. ("Applied"), any security holder of Applied or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
F2 Number of shares includes 70,242 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 common stock upon vesting, which vesting is scheduled to occur as follows: (a) 28,472 restricted stock units are scheduled to vest in installments in December of 2024 through 2026, and (b) 41,770 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 (all vesting is subject to continued employment through each applicable vesting date).