Micron CEO Sells $900K in Stock Through Planned Trading Program
Sanjay Mehrotra, President, CEO and Director of Micron Technology, reported multiple sales of common stock through a pre-planned Rule 10b5-1 trading plan established on August 8, 2024.
Rhea-AI Filing Summary
Sanjay Mehrotra, President, CEO and Director of Micron Technology, reported multiple sales of common stock through a pre-planned Rule 10b5-1 trading plan established on August 8, 2024. The transactions occurred on June 16-17, 2025, with details as follows:
- June 16: Sold 2,290 shares at weighted average price of $120.31
- June 17: Multiple sales totaling 5,210 shares: - 1,094 shares at $119.97 - 1,517 shares at $120.70 - 2,277 shares at $122.19 - 322 shares at $123.12
Following these transactions, Mehrotra directly owns 379,675 shares and indirectly owns 675,000 shares through a GRAT (Grantor Retained Annuity Trust) for the benefit of himself and family. The systematic sales appear to be part of regular portfolio management through a pre-established trading plan, which helps avoid concerns about insider trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,094 | $119.97 | $131K |
| Sale | Common Stock | 1,517 | $120.70 | $183K |
| Sale | Common Stock | 2,277 | $122.19 | $278K |
| Sale | Common Stock | 322 | $123.12 | $40K |
| Sale | Common Stock | 2,290 | $120.31 | $276K |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2024.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.02 to $120.92 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.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.365 to $120.35 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.
- F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.44 to $121.17 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.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.815 to $122.795 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.
- F6. Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
FAQ
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