Form 4: KLA CEO Sells Shares, Gifts Stock Under 10b5-1 Plan

KLA Corp's President and CEO, Richard P. Wallace, reported a sale of 10,803 common shares and a gift of 804 common shares, both executed under a pre-arranged 10b5-1 trading plan.

Summary

• Richard P. Wallace, President and CEO of KLA Corp, reported transactions involving KLA common stock.
• A sale of 10,803 shares of common stock occurred on November 11, 2025, at a price of $1,203.1 per share.
• A gift of 804 shares of common stock occurred on November 11, 2025, at a price of $0 per share.
• Both transactions were executed pursuant to Rule 10b5-1 trading plans adopted on November 1, 2024.
• Following these transactions, Wallace beneficially owns 80,407.008 shares of KLA common stock, which includes 57,511.168 shares issuable upon vesting of restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: A Form 4 filing reports factual insider transactions. The sale and gift were pre-planned under a 10b5-1 plan, which is a neutral event, indicating routine financial management rather than a specific positive or negative signal about the company's immediate prospects.

Positives

• Transactions were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled sales/gifts and reducing concerns about opportunistic insider trading.

Negatives

• President and CEO Richard P. Wallace sold 10,803 shares of KLA common stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even under a 10b5-1 plan, slightly reduces the insider's direct ownership stake. The gift further reduces the direct stake.

Key Dates

Keywords

KLA Corp, KLAC, Richard P. Wallace, insider transaction, Form 4, 10b5-1 plan, stock sale, stock gift, CEO, beneficial ownership