Lam Research (NASDAQ: LRCX) SVP sells 7,659 shares under 10b5-1 plan

Rhea-AI Filing Summary

Neil J. Fernandes, Senior Vice President of LAM RESEARCH CORP, sold 7,659 shares of common stock at $309.60 per share in an open-market transaction pursuant to a Rule 10b5-1 trading plan. He now holds 58,470 shares directly and 1,015.395 shares indirectly through a 401(k) plan.

Insights

Equity compensation and insider-trading analyst

Routine 10b5-1 sale by Lam Research SVP with sizable stake retained.

Neil J. Fernandes, a Senior Vice President at LAM RESEARCH CORP, executed an open-market sale of 7,659 common shares at $309.60 per share. The transaction is coded as an S sale and described as an open-market or private transaction.

A footnote states the trade was made under a Rule 10b5-1 trading plan adopted on November 17, 2025, indicating it was pre-scheduled rather than opportunistic. After the sale, he still owns 58,470 shares directly and 1,015.395 shares indirectly via a 401(k) plan, showing a substantial remaining position.

Because this is a planned sale with significant holdings maintained and no derivative exercises or unusual activity disclosed in this filing, it appears to be a routine liquidity event rather than a signal of a major change in outlook.

Insider Trade Summary 10b5-1

Net Seller: 7,659 shares ($2,371,226)

Net Sell 2 txns

Insider Fernandes Neil J

Role Senior Vice President

Sold 7,659 shs ($2.37M)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,659	$309.60	$2.37M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 58,470 shares (Direct, null); Common Stock — 1,015.395 shares (Indirect, By 401(k))

Footnotes (1)

1. his transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. The amount reported includes shares subject to unvested restricted stock units.

Key Figures

Shares sold: 7,659 shares Sale price: $309.60 per share Direct holdings after sale: 58,470 shares +2 more

5 metrics

Shares sold 7,659 shares Open-market sale on 2026-06-01

Sale price $309.60 per share Price for the S-code sale

Direct holdings after sale 58,470 shares Common stock directly owned post-transaction

Indirect 401(k) holdings 1,015.395 shares Common stock held indirectly via 401(k)

Net shares sold 7,659 shares Net buy/sell shares in transaction summary

Key Terms

Rule 10b5-1 trading plan, restricted stock units, open-market sale, 401(k)

4 terms

Rule 10b5-1 trading plan regulatory

"his transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025."

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.

open-market sale financial

"transaction_action": "open-market sale""

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.

401(k) financial

"nature_of_ownership": "By 401(k)""

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Fernandes Neil J

(Last) (First) (Middle)

4650 CUSHING PKWY

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LAM RESEARCH CORP [ LRCX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		S		7,659(1)	D	$309.6	58,470(2)	D
Common Stock								1,015.395	I	By 401(k)

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. his transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

2. The amount reported includes shares subject to unvested restricted stock units.

Remarks:

	Brenna Hodgson by Power of Attorney	06/02/2026
	** 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 insider transaction did Lam Research (LRCX) report for Neil J. Fernandes?

Lam Research reported that Senior Vice President Neil J. Fernandes sold 7,659 shares of common stock. The shares were sold in an open-market transaction at $309.60 per share, as part of a previously adopted Rule 10b5-1 trading plan.

At what price did Neil J. Fernandes sell Lam Research (LRCX) shares?

Neil J. Fernandes sold 7,659 Lam Research common shares at $309.60 per share. This price applies to the reported S-code open-market sale, as disclosed in the Form 4 insider transaction details.

How many Lam Research (LRCX) shares does Neil J. Fernandes hold after the sale?

After the reported sale, Neil J. Fernandes holds 58,470 Lam Research shares directly. He also has 1,015.395 shares held indirectly through a 401(k) plan, according to the ownership figures in the Form 4 filing.

Was the Lam Research (LRCX) insider sale made under a Rule 10b5-1 plan?

Yes. A footnote explains that the transaction was effected under a Rule 10b5-1 trading plan adopted by Neil J. Fernandes on November 17, 2025, indicating the sale was pre-arranged rather than discretionary.

What type of transaction code appears in the Lam Research (LRCX) Form 4 for Neil J. Fernandes?

The Form 4 shows an S transaction code for Neil J. Fernandes, which indicates a sale of common stock in an open-market or private transaction, consistent with the description provided in the filing.

Does Neil J. Fernandes have any indirect Lam Research (LRCX) holdings reported?

Yes. The Form 4 reports 1,015.395 Lam Research shares held indirectly by Neil J. Fernandes through a 401(k) plan. This indirect position is separate from his 58,470 directly held shares after the sale.