LAM Research CEO exercises options, sells 30K shares
LAM Research President and CEO Timothy Archer exercised employee stock options and sold shares in an open-market transaction.
Rhea-AI Filing Summary
LAM Research President and CEO Timothy Archer exercised employee stock options and sold shares in an open-market transaction. He exercised options for 30,000 shares of common stock at $30.033 per share and sold 30,000 shares at $390.01 per share on July 2, 2026.
After these transactions, Archer directly owned 1,075,966 shares of LAM Research common stock, with additional indirect holdings in his and his spouse’s 401(k) accounts. The filing notes that the sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on February 24, 2026, and that his reported holdings include shares tied to unvested restricted stock units.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 30,000 shares ($10.80M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
ARCHER TIMOTHY
Role
President and CEO
Sold
30,000 shs ($11.70M)
Approx. gross sale proceeds
$11.70M
Approx. exercise cost
$901K
Approx. pre-tax spread
$10.80M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 30,000 | $30.033 | $901K |
| Sale | Common Stock | 30,000 | $390.01 | $11.70M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 91,400 contracts (Direct);
Common Stock — 1,075,966 shares (Direct);
Common Stock — 48,025.745 shares (Indirect, By 401(k));
Common Stock — 5,670.026 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
Shares sold: 30,000 shares
Sale price: $390.01 per share
Options exercised: 30,000 options
+5 more
8 metrics
Shares sold
30,000 shares
Common stock sold on July 2, 2026
Sale price
$390.01 per share
Price for 30,000 shares of common stock
Options exercised
30,000 options
Employee stock options converted to common stock
Exercise price
$30.033 per share
Conversion price for exercised employee stock options
Direct holdings after
1,075,966 shares
Common stock directly owned after transactions
Spouse 401(k) holdings
5,670.026 shares
Indirect ownership via spouse’s 401(k)
401(k) holdings
48,025.745 shares
Indirect ownership via reporting person’s 401(k)
Remaining options position
91,400 options
Employee stock options after exercise, expiration March 2, 2027
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Employee Stock Option (Right to Buy), open-market sale
4 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2026."
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.
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.
Employee Stock Option (Right to Buy) financial
"Security title: Employee Stock Option (Right to Buy) with underlying common stock."
open-market sale financial
"Transaction action: open-market sale of common stock under transaction code S."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did LAM Research (LRCX) CEO Timothy Archer report?
Timothy Archer reported exercising stock options and selling shares of LAM Research common stock. He exercised 30,000 options at $30.033 per share and sold 30,000 shares at $390.01 per share on July 2, 2026.
What stock options did the LAM Research (LRCX) CEO exercise in this filing?
He exercised employee stock options covering 30,000 shares of LAM Research common stock at a conversion or exercise price of $30.033 per share. The related option award had an expiration date of March 2, 2027, as disclosed.
Do the CEO’s reported LAM Research (LRCX) holdings include restricted stock units?
Yes, a footnote clarifies that the reported amount of common shares includes shares subject to unvested restricted stock units. This means some of the CEO’s disclosed holdings will vest over time according to prior equity award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
