Applied Materials (AMAT) CEO sells 78,321 shares but keeps large stake

Rhea-AI Filing Summary

Applied Materials President and CEO Gary E. Dickerson reported open-market sales of 78,321 shares of common stock in late June. The sales occurred on June 29 and June 30 at prices around the low to mid-$700s per share, according to the Form 4.

After these transactions, Dickerson directly owns 1,599,843 shares of Applied Materials common stock. His holdings also include 379,244 performance share units and restricted stock units that may convert one-for-one into additional shares between 2026 and 2028, subject to continued employment and performance goals.

Insights

Equity compensation and insider-trading analyst

CEO executes sizable stock sale but retains a large equity stake.

Applied Materials CEO Gary E. Dickerson sold 78,321 shares of common stock in open-market transactions at prices in the low to mid-$700s. These are discretionary sales (code S), not option exercises or tax withholdings.

Following the sales, he still directly holds 1,599,843 shares, plus 379,244 performance share units and restricted stock units that may vest between 2026 and 2028. This indicates a substantial remaining equity position despite the sale, so the filing looks like a notable but not thesis-changing liquidity event.

The filing also notes that reported prices are weighted average prices across multiple trades within narrow price ranges, a common pattern for broker-executed sales. No Rule 10b5-1 trading plan is mentioned in the excerpt, so timing context would depend on future company disclosures.

Insider Trade Summary

Net Seller: 78,321 shares ($55,550,320)

Net Sell 4 txns

Insider DICKERSON GARY E

Role President and CEO

Sold 78,321 shs ($55.55M)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,970	$735.22	$14.68M
Sale	Common Stock	30	$736.05	$22K
Sale	Common Stock	50,332	$700.21	$35.24M
Sale	Common Stock	7,989	$701.33	$5.60M

Holdings After Transaction: Common Stock — 1,599,873 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $700.00 to $700.98, 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 footnotes 1, 3, 4 and 5 to this Form 4. Number of shares includes 379,244 performance share units and 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 as follows: (a) 66,063 restricted stock units are scheduled to vest in installments in December of 2026 through 2028, and (b) 313,181 performance share units are scheduled to vest in installments in December of 2026 through 2028, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $701.04 to $701.64, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $735.00 to $735.94, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $736.01 and $736.09.

Key Figures

Total shares sold: 78,321 shares Post-sale direct holdings: 1,599,843 shares Sale price example: $700.21 per share +5 more

8 metrics

Total shares sold 78,321 shares Net shares sold across four open-market transactions

Post-sale direct holdings 1,599,843 shares Common stock directly owned after the reported sales

Sale price example $700.21 per share Weighted average price for one June 29 transaction

Sale price example $701.33 per share Weighted average price for another June 29 transaction

Sale price example $735.22 per share Weighted average price for a June 30 transaction

Sale price example $736.05 per share Weighted average price for a June 30 transaction

Equity awards outstanding 379,244 units Performance share units and restricted stock units held by CEO

Performance share units target 313,181 units Target number of performance share units vesting 2026–2028

Key Terms

performance share units, restricted stock units, weighted average price, target amount, +1 more

5 terms

performance share units financial

"Number of shares includes 379,244 performance share units and restricted stock units previously reported..."

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

restricted stock units financial

"Number of shares includes 379,244 performance share units and 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.

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.

target amount financial

"which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200%..."

performance goals financial

"depending on achievement of specified performance goals (all vesting is subject to continued employment..."

Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 05:19 PM Accepted by SEC EDGAR 07/01/2026 - 05:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DICKERSON GARY E

(Last) (First) (Middle)

C/O APPLIED MATERIALS, INC.

P.O. BOX 58039, 3050 BOWERS AV, M/S 1268

(Street)

SANTA CLARA CALIFORNIA 95054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
APPLIED MATERIALS INC /DE [ AMAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/29/2026		S		50,332	D	$700.21(1)	1,627,832(2)	D
Common Stock	06/29/2026		S		7,989	D	$701.33(3)	1,619,843	D
Common Stock	06/30/2026		S		19,970	D	$735.22(4)	1,599,873	D
Common Stock	06/30/2026		S		30	D	$736.05(5)	1,599,843	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $700.00 to $700.98, 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 footnotes 1, 3, 4 and 5 to this Form 4.

2. Number of shares includes 379,244 performance share units and 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 as follows: (a) 66,063 restricted stock units are scheduled to vest in installments in December of 2026 through 2028, and (b) 313,181 performance share units are scheduled to vest in installments in December of 2026 through 2028, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $701.04 to $701.64, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $735.00 to $735.94, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $736.01 and $736.09.

Remarks:

	/s/ To-Anh Nguyen, Attorney-in-Fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Applied Materials (AMAT) CEO Gary Dickerson report in this Form 4?

Gary E. Dickerson reported open-market sales of 78,321 Applied Materials shares. These sales occurred over two days at prices in the low to mid-$700s per share, and they were discretionary stock sales rather than option exercises or tax-related transactions.

How many Applied Materials (AMAT) shares did the CEO sell and at what prices?

The CEO sold a total of 78,321 shares of common stock. Individual transactions were reported at weighted average prices such as $700.21, $701.33, $735.22, and $736.05 per share, reflecting multiple trades executed within narrow price ranges on each sale date.

How many Applied Materials (AMAT) shares does the CEO still own after these sales?

After the reported transactions, Gary E. Dickerson directly owns 1,599,843 shares of Applied Materials common stock. This figure comes from the post-transaction holdings reported for his non-derivative ownership and shows he retains a substantial equity stake despite the recent stock sales.

What equity awards does the Applied Materials (AMAT) CEO hold in addition to common shares?

The CEO’s holdings include 379,244 performance share units and restricted stock units. These awards are scheduled to convert one-for-one into Applied Materials common shares upon vesting between 2026 and 2028, assuming continued employment and, for performance units, achievement of specified performance goals.

How are the share prices in the Applied Materials (AMAT) CEO Form 4 calculated?

Each reported share price is a weighted average price for multiple trades. The filing explains that the sales were executed in numerous transactions within specified price ranges, and the average price shown in Column 4 aggregates those individual trade prices for disclosure purposes.

Do the performance share units in the Applied Materials (AMAT) Form 4 have performance conditions?

Yes. The filing states that 313,181 performance share units may vest between 2026 and 2028, with the actual number of shares vesting ranging from 0% to 200% of the target amount, depending on achievement of specified performance goals and continued employment.