Lam Research CEO sells 30K shares at $319
Lam Research’s CEO exercised stock options for 30,000 shares and sold an equal number under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
LAM RESEARCH CORP (LRCX) reported that President and CEO Timothy Archer exercised employee stock options for 30,000 shares of common stock on September 9, 2026 at an exercise price of $30.033 per share and sold 30,000 shares of common stock at $319.26 per share the same day. The option exercise reduced his option position to 31,400 options, and the sale and related transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 24, 2026. Archer also reports indirect holdings of common stock through his 401(k) plan and his spouse’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 30,000 shares ($8.68M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
ARCHER TIMOTHY
Role
President and CEO
Sold
30,000 shs ($9.58M)
Approx. gross sale proceeds
$9.58M
Approx. exercise cost
$901K
Approx. pre-tax spread
$8.68M
| 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 | $319.26 | $9.58M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 31,400 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: 30,000 shares
Option exercise price: $30.033 per share
Shares sold: 30,000 shares
+5 more
8 metrics
Options exercised
30,000 shares
Employee stock option exercise on September 9, 2026
Option exercise price
$30.033 per share
Exercise price of employee stock option for 30,000 shares
Shares sold
30,000 shares
Common stock sale on September 9, 2026
Sale price
$319.26 per share
Price for sale of 30,000 Lam Research common shares
Options remaining
31,400 options
Employee stock options remaining after the reported exercise
Indirect 401(k) holdings
48,025.72 shares
Common stock held indirectly by Timothy Archer’s 401(k) plan
Spouse 401(k) holdings
5,670.002 shares
Common stock held indirectly by spouse’s 401(k) plan
Option expiration date
March 2, 2027
Expiration date of the employee stock options exercised in part
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), restricted stock units, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"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 is Employee Stock Option (Right to Buy)"
restricted stock units financial
"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.
indirect ownership financial
"shares held indirectly by 401(k) and spouse 401(k) plans"
FAQ
What did LRCX CEO Timothy Archer report on this Form 4?
He exercised options for 30,000 shares of Lam Research common stock at an exercise price of $30.033 per share and sold 30,000 shares at $319.26 per share on September 9, 2026, in transactions tied to a Rule 10b5-1 trading plan.
Were Timothy Archer’s LRCX trades made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Timothy Archer on February 24, 2026, and the document-level Rule 10b5-1 checkbox is also affirmed.
What options did the LRCX CEO exercise in this Form 4?
He exercised an employee stock option covering 30,000 shares of Lam Research common stock at an exercise price of $30.033 per share. After this exercise, 31,400 options from that grant remain outstanding, with an expiration date of March 2, 2027.
What indirect LRCX holdings does the CEO report?
Timothy Archer reports indirect ownership of 48,025.72 shares of Lam Research common stock through his 401(k) plan and 5,670.002 shares through his spouse’s 401(k) plan, both listed as indirect holdings.
Do the CEO’s reported holdings include unvested restricted stock units in LRCX?
Yes. A footnote states that the amount reported includes shares subject to unvested restricted stock units, indicating that some of the reported common stock holdings relate to RSUs that have not yet vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
