Sanjay Mehrotra - 19 Mar 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
19 Mar 2024
Net transactions value
-$4,710,228
Form type
4
Filing time
21 Mar 2024, 20:02:39 UTC
Previous filing
14 Mar 2024
Next filing
27 Mar 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 +0.9% $28.20 780,557 19 Mar 2024 Direct F1
transaction MU Common Stock Sale $174,638 -1,903 -0.24% $91.77 778,654 19 Mar 2024 Direct F1, F2
transaction MU Common Stock Sale $142,557 -1,538 -0.2% $92.69 777,116 19 Mar 2024 Direct F1, F3
transaction MU Common Stock Sale $334,332 -3,559 -0.46% $93.94 773,557 19 Mar 2024 Direct F1, F4
transaction MU Common Stock Options Exercise $846,000 +30,000 +3.9% $28.20 803,557 21 Mar 2024 Direct F1
transaction MU Common Stock Sale $5,102,100 -45,000 -5.6% $113.38 758,557 21 Mar 2024 Direct F1
holding MU Common Stock 371,629 19 Mar 2024 GRAT F5

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 -2.9% $0.000000 238,284 19 Mar 2024 Common Stock 7,000 $28.20 Direct F1, F6
transaction MU Non-qualified Stock Options Options Exercise $0 -30,000 -13% $0.000000 208,284 21 Mar 2024 Common Stock 30,000 $28.20 Direct F1, F6
* 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 exercises 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 $91.45 to $92.41 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 $92.45 to $93.07 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.83 to $94.02 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.
F5 Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
F6 The Non-qualified Stock Options vested in 2018, 2019, 2020, and 2021.