Omkaram Nalamasu - Dec 22, 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: Dec 22, 2023
Transactions value $: -$3,773,389
Form type: 4
Date filed: 12/26/2023, 06:02 PM
Previous filing: Dec 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMAT	Common Stock	Sale	-$3.77M	-23.2K	-10.84%	$162.45	191K	Dec 22, 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).

Content

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.

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).