Form 4: KLA Corp Executive Vice President Brian Lorig Reports Sale of Shares Under 10b5-1 Plan

Executive Vice President of KLA Corp, Brian Lorig, reports the sale of 3,537 shares of common stock at a price of $699.16 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Brian Lorig, an Executive Vice President at KLA Corporation, filed a Form 4 with the SEC.
• The report details a transaction where 3,537 shares of KLA common stock were sold on May 6, 2024.
• The sale price was $699.16 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on February 2, 2024.
• Following the reported transaction, Lorig beneficially owns 14,210.348 shares of KLA common stock, including 10,209 shares issuable upon vesting of restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates