Form 4: Applied Materials Director Thomas J. Iannotti Reports Stock Sale

Director Thomas J. Iannotti of Applied Materials reports the sale of 9,827 shares of common stock at a price of $236.65 on June 21, 2024.

Summary

• On June 21, 2024, Thomas J. Iannotti, a director of Applied Materials, Inc., sold 9,827 shares of common stock.
• The sale price was $236.65 per share.
• Following the transaction, Iannotti directly owns 49,185 shares of Applied Materials common stock.
• This number includes 1,128 restricted stock units that will convert into common stock in March 2025, subject to continued service as a director.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's a standard practice in publicly traded companies and doesn't necessarily indicate a broader trend within the semiconductor industry.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the size of the transaction relative to the company's overall market capitalization.

Key Dates