Sanjay Mehrotra - Nov 7, 2023 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
CEO and President, Director
Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Nov 7, 2023
Transactions value $
-$311,220
Form type
4
Date filed
11/9/2023, 04:27 PM
Previous filing
Nov 2, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Options Exercise $197K +7K +1.01% $28.20 702K Nov 7, 2023 Direct F1
transaction MU Common Stock Sale -$509K -7K -1% $72.66 695K Nov 7, 2023 Direct F1, F2
transaction MU Common Stock Gift $0 +68.3K +9.82% $0.00 764K Nov 7, 2023 Direct F3
transaction MU Common Stock Gift $0 -68.3K -11.36% $0.00 533K Nov 7, 2023 GRAT F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MU Non-qualified Stock Options Options Exercise $0 -7K -1.49% $0.00 461K Nov 7, 2023 Common Stock 7K $28.20 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Non-qualified Stock Option exercise and stock sale reported on this Form 4 were effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 15, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.08 to $73.075 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Shares transferred from a grantor retained annuity trust to a revocable trust. All trusts are for the benefit of the reporting person and his family.
F4 Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
F5 The Non-qualified Stock Options vested in 2018, 2019, 2020, and 2021.