Form 4: Micron Technology SVP Michael Bokan Sells 15,000 Shares

Michael Bokan, SVP of Worldwide Sales at Micron Technology, sold 15,000 shares of common stock at an average price of $115.55 on April 30, 2024.

Summary

• On April 30, 2024, Michael W. Bokan, SVP of Worldwide Sales at Micron Technology, sold 15,000 shares of Micron Technology Inc. common stock.
• The sale was executed at a weighted average price of $115.55 per share, with individual transactions ranging from $115.35 to $115.755.
• Following the transaction, Bokan directly owns 153,387 shares of Micron Technology Inc.
• Bokan also indirectly owns 17,201 shares held in a trust for the benefit of himself and his family.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by an insider. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, they can be for a variety of reasons including diversification, tax planning, or personal expenses.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates