Lam Research CEO exercises options, sells 30K shares
Timothy Archer, President and CEO of Lam Research, exercised employee stock options for 30,000 shares at $30.0330 per share and on the same day sold 30,000 common shares at $300.0000 per share under a Rule 10b5-1 trading plan adopted on February 24, 2026.
Rhea-AI Filing Summary
Timothy Archer, President and CEO of Lam Research, exercised employee stock options for 30,000 shares at $30.0330 per share and on the same day sold 30,000 common shares at $300.0000 per share under a Rule 10b5-1 trading plan adopted on February 24, 2026. He now holds 61,400.0000 stock options directly, plus indirect holdings of 48,025.7200 shares in a 401(k) and 5,670.0020 shares in a spouse 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 30,000 shares ($8.10M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
ARCHER TIMOTHY
Role
President and CEO
Sold
30,000 shs ($9.00M)
Approx. gross sale proceeds
$9.00M
Approx. exercise cost
$901K
Approx. pre-tax spread
$8.10M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F3 | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 30,000 | $30.033 | $901K |
| Sale | Common Stock F1, F2 | 30,000 | $300.00 | $9.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 61,400 contracts (Direct);
Common Stock — 1,075,966 shares (Direct);
Common Stock — 48,025.72 shares (Indirect, By 401(k));
Common Stock — 5,670.002 shares (Indirect, By Spouse 401(k))
Footnotes (3)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2026.
- F2. The amount reported includes shares subject to unvested restricted stock units.
- F3. The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.
Key Figures
Options Exercised: 30000.0000 shares
Common Shares Sold: 30000.0000 shares
Options Remaining: 61400.0000 shares
+2 more
5 metrics
Options Exercised
30000.0000 shares
Employee stock options exercised on 2026-08-06 at $30.0330 per share
Common Shares Sold
30000.0000 shares
Common stock sold on 2026-08-06 at $300.0000 per share under Rule 10b5-1 plan
Options Remaining
61400.0000 shares
Stock options beneficially owned directly following the option exercise
Indirect 401(k) Holdings
48025.7200 shares
Common stock held indirectly via 401(k) plan
Spouse 401(k) Holdings
5670.0020 shares
Common stock held indirectly via spouse 401(k) plan
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), restricted stock units
3 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option (Right to Buy) financial
"security title Employee Stock Option (Right to Buy) for 30000.0000 shares"
restricted stock units financial
"The amount reported includes shares subject to unvested restricted stock units."
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 did Lam Research (LRCX) CEO Timothy Archer report in this Form 4?
Timothy Archer, Lam Research's President and CEO, exercised 30,000 options at $30.0330 and sold 30,000 common shares at $300.0000 on August 6, 2026, in transactions effected under a pre-arranged Rule 10b5-1 trading plan.
At what price were Timothy Archer's Lam Research (LRCX) stock options exercised?
Archer exercised 30,000 employee stock options with an exercise price of $30.0330 per share on August 6, 2026. These options, vesting in three equal installments from 2021 to 2023, converted into an equivalent number of Lam Research common shares.
How many Lam Research (LRCX) stock options does Timothy Archer hold after the transaction?
After the reported exercise, Archer directly holds 61,400.0000 employee stock options in Lam Research. This figure is reported as stock options beneficially owned directly following the exercise on August 6, 2026.
What indirect Lam Research (LRCX) holdings does Timothy Archer report?
He reports indirect ownership of 48,025.7200 Lam Research shares through a 401(k) plan and 5,670.0020 shares through a spouse's 401(k). These positions are classified as indirect beneficial ownership separate from his direct holdings.
Was Timothy Archer's Lam Research (LRCX) stock sale under a Rule 10b5-1 trading plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on February 24, 2026. Such pre-arranged plans allow executives to schedule trades in advance under defined conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
