Form 4: Micron Technology SVP, Chief Legal Officer Michael Ray Sells Shares Under 10b5-1 Plan
SEC Form 4
Michael Charles Ray, SVP, Chief Legal Officer of Micron Technology, sold 6,525 shares of common stock at $100 per share on February 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 14, 2025, Michael Charles Ray, the SVP, Chief Legal Officer of Micron Technology, sold 6,525 shares of common stock.
- The sale was executed at a price of $100 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on July 19, 2024.
- Following the transaction, Ray directly owns 98,962 shares of Micron Technology.
- This includes 172.393 shares acquired on January 31, 2025, under the Micron Technology, Inc. Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| July 19, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| January 31, 2025 | Date of acquisition of 172.393 shares under the Employee Stock Purchase Plan |
| February 14, 2025 | Date of the stock sale transaction |
| February 19, 2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Micron Technology, MU, Michael Charles Ray, SVP, Chief Legal Officer, Stock Sale, Rule 10b5-1, Insider Trading
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