Sanjay Mehrotra - 03 Jan 2024 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
CEO and President, Director
Signature
Mai Lan Bui, Attorney-in-fact
Issuer symbol
MU
Transactions as of
03 Jan 2024
Net transactions value
-$377,519
Form type
4
Filing time
05 Jan 2024, 17:38:11 UTC
Previous filing
28 Dec 2023
Next filing
11 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Options Exercise $197,400 +7,000 +1.1% $28.20 658,759 03 Jan 2024 Direct F1
transaction MU Common Stock Sale $133,154 -1,629 -0.25% $81.74 657,130 03 Jan 2024 Direct F1, F2
transaction MU Common Stock Sale $441,765 -5,371 -0.82% $82.25 651,759 03 Jan 2024 Direct F1, F3
holding MU Common Stock 532,935 03 Jan 2024 GRAT 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 -7,000 -1.8% $0.000000 375,284 03 Jan 2024 Common Stock 7,000 $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 sales 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 $81.00 to $81.955 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.01 to $82.495 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.
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.