Form 4: Applied Materials Executive Gifts Shares

Applied Materials' President of Semiconductor Products Group, Prabu G. Raja, reported a gift of 45 common shares.

Summary

• Prabu G. Raja, President of the Semiconductor Products Group at Applied Materials, Inc. (AMAT), reported a disposition of 45 shares of common stock.
• The transaction, coded as a gift ('G'), occurred on November 21, 2025.
• Following the transaction, Mr. Raja beneficially owns 337,924 shares indirectly through a Living Trust and 169,333 shares directly, as of January 8, 2026.
• The direct ownership includes 100,517 performance share units (PSUs) and restricted stock units (RSUs).
• 39,181 restricted stock units are scheduled to vest in installments from December 2026 through 2028.
• 61,336 performance share units (target amount) are scheduled to vest in installments from December 2026 through 2028, with the actual number of shares ranging from 0% to 200% of the target based on performance goals.

Sentiment

Score: 5

Explanation: The transaction involves a negligible number of shares relative to the company's size and the executive's total holdings, making its sentiment impact neutral.

Positives

• The executive retains significant beneficial ownership in Applied Materials, Inc., indicating continued alignment with shareholder interests.

Negatives

• A disposition of shares, even a small amount, represents a minor reduction in the executive's direct equity exposure, though the amount is negligible relative to total holdings.

Risks

• The actual number of shares vesting from performance share units (PSUs) can range from 0% to 200% of the target amount, depending on the achievement of specified performance goals, introducing variability in the executive's future equity compensation.

Future Outlook

The executive's future equity compensation includes restricted stock units and performance share units scheduled to vest in installments from December 2026 through 2028, contingent on continued employment and, for PSUs, the achievement of specified performance goals.

Industry Context

This filing is an individual insider transaction report and does not provide broad industry trends or context. It pertains to an executive at a major company in the semiconductor equipment industry.

Stakeholder Impact

• Shareholders: Minimal direct impact due to the small number of shares involved in the gift transaction.
• Employees (specifically the reporting executive): Future compensation is tied to the vesting schedules of RSUs and PSUs, subject to continued employment and company performance.

Next Steps

• Vesting of 39,181 restricted stock units in installments from December 2026 through 2028.
• Vesting of 61,336 target performance share units in installments from December 2026 through 2028, contingent on performance goals.

Key Dates

Keywords

Applied Materials, AMAT, Form 4, insider transaction, equity, semiconductor, executive compensation, stock ownership