Form 4: Micron CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

Micron Technology's President and CEO, Sanjay Mehrotra, sold a total of 7,500 shares of common stock in September 2025 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sanjay Mehrotra, President and CEO, Director, and 10% Owner of Micron Technology Inc. (MU), reported sales of common stock.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Mehrotra on August 8, 2024.
• On September 15, 2025, 181 shares were sold at a price of $160.04 per share.
• On September 16, 2025, two separate transactions occurred: 4,249 shares were sold at a weighted average price of $157.97 per share (ranging from $157.3662 to $158.3046), and 3,070 shares were sold at a weighted average price of $158.74 per share (ranging from $158.3756 to $159.255).
• Following these transactions, Mr. Mehrotra directly beneficially owns 340,148 shares of common stock.
• Additionally, Mr. Mehrotra indirectly beneficially owns 675,000 shares through Grantor Retained Annuity Trusts (GRATs) for the benefit of himself and his family.

Sentiment

Score: 5

Explanation: The sentiment is neutral. Insider sales, when conducted under a pre-arranged Rule 10b5-1 plan, are typically for personal financial management (e.g., diversification, liquidity) and do not necessarily reflect a change in the executive's outlook on the company's prospects.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which enhances transparency and mitigates concerns about insider trading by scheduling transactions in advance.

Negatives

• The transactions represent a reduction in the direct beneficial ownership of common stock by a key executive, which could be perceived as a slight negative by some investors, although it is a planned sale.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing reports routine insider stock transactions and does not provide information directly related to broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Sanjay Mehrotra indirectly holds 675,000 shares of common stock through Grantor Retained Annuity Trusts (GRATs) established for the benefit of himself and his family. These trusts represent a related party arrangement for holding company shares.

Stakeholder Impact

• Shareholders: The sales represent a reduction in direct insider ownership, though mitigated by the pre-arranged 10b5-1 plan, which suggests planned diversification rather than a reaction to new, undisclosed information. The overall impact on shareholder confidence is likely minimal due to the planned nature of the transactions.

Key Dates

Recommendation

The reported sales by the CEO are routine transactions executed under a pre-arranged Rule 10b5-1 trading plan, adopted well in advance. Such planned sales are typically for personal financial management, such as diversification or liquidity, and do not usually signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. Therefore, a 'hold' recommendation is appropriate as this event alone does not alter the investment thesis.

Keywords

Micron Technology, MU, Sanjay Mehrotra, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director