Form 4: Lam Research CEO Timothy Archer Sells Shares Under 10b5-1 Trading Plan

Lam Research's CEO, Timothy Archer, executed multiple sales of company stock on June 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 28, 2024, Timothy Archer, the President and CEO of Lam Research Corp (LRCX), sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 27, 2024.
• A total of 8,051 shares were sold at prices ranging from $1,057.79 to $1,085.34.
• Following the transactions, Archer directly owns 84,639 shares of Lam Research common stock, which includes unvested restricted stock units.
• Archer also indirectly owns 4,802.63 shares through a 401(k) and 567.048 shares through a spouse's 401(k).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.

Key Dates