Applied Materials director sells 9,250 shares
Applied Materials director Thomas J. Iannotti reported several equity movements in company stock.
Rhea-AI Filing Summary
Applied Materials director Thomas J. Iannotti reported several equity movements in company stock. He completed an open-market sale of 9,250 shares of common stock at a weighted average price of $599.77 per share, with prices ranging from $599.45 to $600.39. After this sale, he directly held 39,809 shares, which include 741 restricted stock units scheduled to vest in March 2027, subject to continued board service. He also made a bona fide gift of 750 shares and reported 1,500 shares held indirectly through a grantor retained annuity trust.
Insider Trade Summary
Net Seller: 9,250 shares
Net Sell
3 txns
Insider
Iannotti Thomas J
Role
Director
Sold
9,250 shs ($5.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,250 | $599.77 | $5.55M |
| Gift | Common Stock | 750 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 39,809 shares (Direct);
Common Stock — 1,500 shares (Indirect, By grantor retained annuity trust)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $599.45 to $600.39, inclusive. The reporting person undertakes to provide to Applied Materials, Inc. ("Applied"), any security holder of Applied, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
- F2. Number of shares includes 741 restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur in March 2027 (subject to continued service as a director through the vesting date).
Key Figures
Shares sold: 9,250 shares
Weighted average sale price: $599.77 per share
Direct holdings after sale: 40,559 shares
+3 more
6 metrics
Shares sold
9,250 shares
Open-market sale of common stock on 2026-06-16
Weighted average sale price
$599.77 per share
Common stock sale price range $599.45–$600.39
Direct holdings after sale
40,559 shares
Common stock directly owned following 2026-06-16 transactions
Gifted shares
750 shares
Bona fide gift of common stock (code G)
Indirect trust holdings
1,500 shares
Held by grantor retained annuity trust
Restricted stock units included
741 RSUs
RSUs converting one-for-one upon vesting in March 2027
Key Terms
weighted average price, bona fide gift, grantor retained annuity trust, restricted stock units
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust financial
"nature_of_ownership": "By grantor retained annuity trust""
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
restricted stock units financial
"Number of shares includes 741 restricted stock units previously reported"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AMAT director Thomas Iannotti report?
Thomas J. Iannotti reported an open-market sale of 9,250 Applied Materials common shares. The transaction used a weighted average price of $599.77 per share, with sales executed between $599.45 and $600.39, according to the Form 4 filing details.
Did the AMAT director make any gifts of stock in this Form 4?
Yes, the Form 4 shows a bona fide gift of 750 Applied Materials common shares. This gift is recorded separately from the open-market sale and is a non-cash transfer, categorized under transaction code G for a gift disposition in the filing.
What indirect holdings does the AMAT director report in this filing?
The filing reports 1,500 Applied Materials common shares held indirectly by a grantor retained annuity trust. This position is classified as indirect ownership, reflecting shares attributed through the trust rather than being held directly in the director’s personal brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
