Micron Insider Cashes Out 15,000 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Micron Technology (NASDAQ:MU) filed a Form 4 revealing that EVP & Chief People Officer April S. Arnzen sold 15,000 common shares on 24 June 2025 at a weighted-average price of $125.12, yielding roughly $1.9 million in proceeds.

The transaction, executed under a Rule 10b5-1 plan adopted 17 Oct 2024, reduced her holdings by about 9 %, leaving 148,167 shares outstanding. No derivative activity was reported. While the pre-scheduled nature lessens timing concerns, the size qualifies as a material insider sale and may influence investor sentiment.

Positive

• None.

Negative

• EVP & Chief People Officer sold 15,000 shares (~$1.9 M), reducing personal stake by 9 %; sizeable insider sale can signal lowered confidence.

Insights

Equity Analyst

TL;DR: $1.9 M insider sale trims 9 % stake—mildly bearish signal.

The sale exceeds materiality thresholds (>5 % of holdings and >$1 M), suggesting the executive is monetising gains near MU’s recent highs. Although executed under a 10b5-1 plan, the disposal may temper bullish momentum because it reduces skin-in-the-game from 163,167 to 148,167 shares. Float impact is negligible, but behavioural research links sizeable officer sales to short-term price consolidation. Fundamentals remain unchanged; nonetheless, I assign a rating -1 given the negative sentiment overlay.

Corporate Governance Specialist

TL;DR: Pre-planned sale limits governance risk; impact largely neutral.

The 10b5-1 framework indicates prior Board approval and reduces potential information-asymmetry. Arnzen retains a meaningful equity position, aligning interests post-sale. No pattern of serial disposals is evident, and there are no accompanying departures or policy breaches. Therefore, while investors should monitor for additional insider activity, the governance implications are muted. I assign a rating 0 (neutral).

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^*

ARNZEN APRIL S

(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 and Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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	06/24/2025		S(1)		15,000	D	$125.12(2)	148,167	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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 17, 2024.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 125.105 to $125.35 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.

Remarks:

	Mai Lan Bui, Attorney-in-fact	06/26/2025
	** 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 MU shares did EVP April Arnzen sell on 24 June 2025?

She sold 15,000 shares of Micron Technology common stock.

What was the total value of April Arnzen’s MU share sale?

At a weighted-average price of $125.12, the transaction generated approximately $1.9 million in proceeds.

What percentage of her holdings did the MU insider sale represent?

The sale represented about 9 % of her pre-transaction beneficial ownership.

How many MU shares does April Arnzen own after the sale?

She now owns 148,167 shares directly.

Was the MU insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the trade was executed under a Rule 10b5-1 plan adopted on 17 Oct 2024.