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

Micron Technology Inc.'s President and CEO, Sanjay Mehrotra, sold 14,900 shares of common stock on October 1, 2025, via a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sanjay Mehrotra, President and CEO, and a Director of Micron Technology Inc. (MU), reported sales of common stock.
• A total of 14,900 shares of common stock were sold on October 1, 2025, across three separate transactions.
• The sales were executed at weighted average prices of $180.38, $181.32, and $182.19 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Mehrotra on August 8, 2024.
• Following these sales, Mr. Mehrotra directly beneficially owns 310,148 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 sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event or diversification strategy rather than a reaction to new material information, thus maintaining a neutral sentiment regarding the company's prospects.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market, potentially signaling a lack of confidence or a desire to take profits at current valuations.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2024.

Industry Context

This filing pertains to an individual insider transaction and does not provide broader industry trends or competitive analysis.

Related Party Transactions

• 675,000 shares are held indirectly through Grantor Retained Annuity Trusts (GRATs) for the benefit of the Reporting Person and his family, which are considered related party holdings.

Stakeholder Impact

• Shareholders may view insider sales with caution, but the existence of a Rule 10b5-1 plan typically mitigates concerns about the sales being based on undisclosed material information.

Key Dates

Recommendation

The insider sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than a reaction to new material information. This type of transaction generally does not signal a change in the company's fundamental outlook or warrant a shift in investment recommendation.

Keywords

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