Form 4: Lam Research Executive Varadarajan Seshasayee Reports Stock Transaction
SEC Form 4 Filing
Senior Vice President of Lam Research, Varadarajan Seshasayee, reports a transaction involving common stock, executed under a Rule 10b5-1 trading plan.
Summary
- On September 30, 2024, Varadarajan Seshasayee, a Senior Vice President at Lam Research Corp (LRCX), reported a transaction involving the company's common stock.
- The transaction involved the disposition of 182 shares of common stock at $0 per share.
- This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2024.
- Following the reported transaction, Seshasayee directly owns 16,454 shares of Lam Research common stock, which includes unvested restricted stock units.
- Seshasayee also indirectly owns common stock through a 401(k).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulations to prevent insider trading and ensure transparency.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| September 30, 2024 | Date of the reported stock transaction |
| October 01, 2024 | Date of signature for the report |
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