Form 4: Lam Research Director Kang Ho Kyu Reports Stock Transaction
SEC Form 4 Filing
Director Kang Ho Kyu reports disposition of Lam Research shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On October 31, 2024, Director Kang Ho Kyu disposed of 1,107 shares of Lam Research common stock to cover tax withholding obligations.
- The shares were sold at a price of $74.35.
- Following the transaction, Kang Ho Kyu directly owns 5,743 shares of Lam Research common stock.
- The filing also notes an adjustment to reflect a ten-for-one forward stock split effective after market close on October 2, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by a director to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| October 2, 2024 | Ten-for-one forward stock split effective after market close |
| October 31, 2024 | Date of stock transaction (disposal of shares) |
| November 01, 2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.