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

Micron Technology CEO Sanjay Mehrotra sold 14,000 shares of common stock in multiple transactions in September 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sanjay Mehrotra, President and CEO, and a Director of Micron Technology Inc. (MU), sold a total of 14,000 shares of common stock.
• These sales occurred on September 18 and 19, 2025.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on August 8, 2024.
• The shares were sold at weighted average prices ranging from $159.73 to $170.18 per share.
• Following these sales, Mehrotra directly owns 325,148 shares and indirectly owns 675,000 shares through Grantor Retained Annuity Trusts (GRATs).

Sentiment

Score: 5

Explanation: The filing reports routine insider stock sales executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new company-specific news, thus having a neutral impact on sentiment.

Positives

• Sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than a reaction to new negative information.
• The shares were sold at prices ranging from $159.73 to $170.18, which could be considered favorable pricing for the seller.

Negatives

• A significant number of shares (14,000) were sold by a key executive, which could be interpreted by some as a lack of confidence, despite the 10b5-1 plan.

Risks

• NA

Future Outlook

NA

Management Comments

• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

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

Stakeholder Impact

• Shareholders may interpret the insider sales differently; some might view it as a negative signal, while others will recognize it as a planned event under a 10b5-1 plan, which is generally less indicative of immediate company performance.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request from the Issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-established Rule 10b5-1 trading plan, which was adopted over a year prior to the sales. Such planned sales are generally not indicative of new material information about the company's performance or outlook and therefore do not typically warrant a change in investment recommendation. The executive retains significant direct and indirect ownership.

Keywords

Micron Technology, MU, insider trading, Form 4, stock sale, CEO, Sanjay Mehrotra, 10b5-1 plan