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

Micron Technology's President and CEO, Sanjay Mehrotra, sold 15,000 shares of common stock in September 2025 under a pre-arranged 10b5-1 trading plan.

Summary

• Sanjay Mehrotra, President and CEO of Micron Technology Inc. (MU), reported the sale of 15,000 shares of common stock.
• The sales occurred on September 10 and 11, 2025.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on August 8, 2024.
• The shares were sold at weighted average prices ranging from $140.28 to $155.08 per share.
• Following these transactions, Mr. Mehrotra directly beneficially owns 347,648 shares of common stock.
• He also indirectly beneficially owns 675,000 shares through Grantor Retained Annuity Trusts (GRATs).

Sentiment

Score: 6

Explanation: The sale of shares by the CEO is generally a neutral to slightly negative signal. However, the execution under a pre-arranged 10b5-1 plan significantly mitigates any negative interpretation, as it indicates the sales were not based on new, non-public information. The relatively high sale prices could also be seen as a positive for the seller.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating they were pre-scheduled and not based on new, non-public information.
• Shares were sold at relatively high weighted average prices, ranging from $140.28 to $155.08 per share.

Negatives

• The CEO reduced his direct beneficial ownership by 15,000 shares.

Risks

• Potential for negative market perception regarding insider selling, even if pre-planned, which could lead to short-term investor uncertainty.

Future Outlook

NA

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

Insider sales, particularly those executed under pre-arranged 10b5-1 plans, are a common practice among executives for personal financial planning, diversification, and liquidity. In the semiconductor industry, executive compensation often includes significant equity components, making such planned sales a routine part of managing personal portfolios.

Related Party Transactions

• Indirect beneficial ownership of 675,000 shares is held through Grantor Retained Annuity Trusts (GRATs) for the benefit of the Reporting Person and his family.

Stakeholder Impact

• Shareholders may view the reduction in direct insider ownership with slight caution, though the 10b5-1 plan provides transparency and reduces concerns about opportunistic selling.
• The pre-planned nature of the sales suggests no immediate impact on company strategy or operations.

Key Dates

Keywords

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