Sanjay Mehrotra - Jan 25, 2024 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Jan 25, 2024
Transactions value $
-$3,204,000
Form type
4
Date filed
1/29/2024, 07:06 PM
Previous filing
Jan 24, 2024
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Options Exercise $846K +30K +3.73% $28.20 834K Jan 25, 2024 Direct F1
transaction MU Common Stock Sale -$4.05M -45K -5.4% $90.00 789K Jan 25, 2024 Direct F1
holding MU Common Stock 372K Jan 25, 2024 GRAT F2

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 -30K -8.47% $0.00 324K Jan 25, 2024 Common Stock 30K $28.20 Direct F1, F3
* 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 Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
F3 The Non-qualified Stock Options vested in 2018, 2019, 2020, and 2021.