[144] Micron Technology, Inc. SEC Filing
Rhea-AI Filing Summary
Micron Technology executive Sumit Sadana filed Form 144 indicating intent to sell 92,638 shares of common stock with an aggregate market value of $11,625,244.52. The planned sale is scheduled for June 27, 2025, through Morgan Stanley Smith Barney LLC on NASDAQ.
The shares to be sold were acquired through multiple grants between 2022-2024:
- 31,311 performance shares acquired on 10/13/2023
- 40,983 restricted stock units acquired in various tranches between 10/16/2022 and 04/15/2024
Notably, Sadana has reported no sales in the past 3 months and has certified no knowledge of undisclosed material adverse information regarding Micron's operations. The proposed sale represents approximately 0.008% of Micron's total outstanding shares (1,119,125,101 shares).
Positive
- None.
Negative
- EVP Sumit Sadana plans to sell 92,638 shares worth approximately $11.6M, representing a significant insider sale transaction