[Form 4] Micron Technology, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Micron Technology, Inc. (MU) – SEC Form 4 Insider Transaction

EVP of Global Operations Manish H. Bhatia reported the sale of 80,000 shares of Micron common stock on 30 June 2025. The weighted-average sale price disclosed in Column 4 was $123.16 per share, with individual trade prices ranging from $122.92 to $123.40.

Following the transaction, Bhatia’s direct beneficial ownership decreased to 275,067 shares. No derivative security transactions were reported, and the filing states that the shares were sold in multiple trades on the same day. The form was signed by attorney-in-fact Mai Lan Bui on 2 July 2025.

• Insider role: EVP, Global Operations (not a director or 10% owner).
• Value of shares sold (approx.): ~US$9.9 million (80,000 × $123.16).
• Remaining stake: 275,067 shares, indicating continued insider exposure.

The filing provides no commentary on motive, trading plan status, or company fundamentals. Investors typically monitor executive sales for potential signaling effects, but the transaction represents a small fraction of Micron’s ~1.1 billion shares outstanding and therefore has limited direct impact on company fundamentals.

Positive

• None.

Negative

• Executive sells 80,000 shares (~22% of his direct holdings), a potential negative sentiment signal for MU.

Insights

Insider Trading Analyst

TL;DR: EVP sold 80k MU shares (~$9.9 M); retains 275k; routine but worth monitoring.

Materiality: The sale equals about 22% of Bhatia’s pre-sale direct holdings but less than 0.01% of Micron’s shares outstanding. It does not alter ownership thresholds such as 10% insider status and is unlikely to trigger regulatory or governance consequences.

Signal analysis: Single-day, market-priced sales with a narrow price range suggest an opportunistic liquidity event rather than structured disposition over time. Absence of 10b5-1 notation leaves uncertainty about pre-planned nature.

Investor takeaway: Mildly negative sentiment indicator; monitor for additional insider activity but no immediate financial impact on MU fundamentals.

Portfolio Manager

TL;DR: Transaction immaterial to MU valuation; negative sentiment small.

At ~US$9.9 M, the sale is dwarfed by Micron’s >US$135 B market cap. Liquidity, earnings trajectory, and HBM DRAM demand drivers remain the key valuation inputs. Nonetheless, the 22% reduction in personal stake could influence near-term trading psychology, especially given MU’s recent 52-week high.

Position sizing shows Bhatia still retains roughly US$34 M in equity at current prices, aligning interests with shareholders. I view the filing as neutral-to-slightly-negative; it does not change the fundamental thesis.

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).

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^*

BHATIA MANISH H

(Last) (First) (Middle)

8000 S. FEDERAL WAY

(Street)

BOISE ID 83716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MICRON TECHNOLOGY INC [ MU ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Global Operations

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	06/30/2025		S		80,000	D	$123.16(1)	275,067	D

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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.92 to $123.40 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	Mai Lan Bui, Attorney-in-fact	07/02/2025
	** 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.

FAQ

How many Micron (MU) shares did EVP Manish Bhatia sell?

80,000 common shares were sold on 30 Jun 2025.

What was the average sale price reported in the Form 4?

The weighted-average price disclosed was $123.16 per share.

How many Micron shares does the EVP still own after the sale?

He now directly owns 275,067 shares of MU common stock.

When was the Form 4 for Micron filed?

The filing was signed and submitted on 2 July 2025.

Does the filing indicate a Rule 10b5-1 trading plan?

The checkbox was not marked; the Form 4 does not specify that the sale was made under a 10b5-1 plan.