Micron Technology (NASDAQ: MU) EVP sells 3,407 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Micron Technology EVP Michael D. Cordano reported an open-market sale of company stock. On April 9, 2026, he sold 3,407 shares of Micron Technology common stock at a price of $420.81 per share in a non-derivative, open-market transaction.
After this sale, Cordano directly holds 47,466 shares of Micron common stock. A footnote explains that his holdings include 192.411 shares acquired on January 30, 2026 under the Micron Technology, Inc. Employee Stock Purchase Plan, a transaction that was exempt from separate reporting under Rules 16a-3(f)(1)(i)(B) and 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,407 shares ($1,433,700)
Net Sell
1 txn
Insider
CORDANO MICHAEL D
Role
EVP, Worldwide Sales
Sold
3,407 shs ($1.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,407 | $420.81 | $1.43M |
Holdings After Transaction:
Common Stock — 47,466 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,407 shares
Sale price per share: $420.81 per share
Shares held after transaction: 47,466 shares
+1 more
4 metrics
Shares sold
3,407 shares
Open-market sale of common stock on April 9, 2026
Sale price per share
$420.81 per share
Price for the 3,407 common shares sold
Shares held after transaction
47,466 shares
Direct Micron common stock holdings after the sale
ESPP shares included
192.411 shares
Shares acquired January 30, 2026 under Employee Stock Purchase Plan
Key Terms
open-market sale, Employee Stock Purchase Plan, Rules 16a3(f)(1)(i)(B), 16b-3(c)
4 terms
open-market sale financial
"transaction_action: "open-market sale" for Micron common stock"
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.
Employee Stock Purchase Plan financial
"shares acquired under the Micron Technology, Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rules 16a3(f)(1)(i)(B) regulatory
"acquisition is exempt from reporting under Rules 16a3(f)(1)(i)(B) and 16b-3(c)"
16b-3(c) regulatory
"acquisition is exempt from reporting under Rules 16a3(f)(1)(i)(B) and 16b-3(c)"
FAQ
What insider transaction did Micron (MU) report for Michael D. Cordano?
Micron reported that EVP of Worldwide Sales Michael D. Cordano sold 3,407 shares of common stock in an open-market transaction at $420.81 per share, and now directly holds 47,466 Micron shares following the sale.
What does the footnote about Micron (MU) Employee Stock Purchase Plan mean?
The footnote states that 192.411 of Michael D. Cordano’s shares were acquired on January 30, 2026 under Micron’s Employee Stock Purchase Plan. That acquisition was exempt from separate reporting under SEC Rules 16a-3(f)(1)(i)(B) and 16b-3(c).
Was Michael D. Cordano’s Micron (MU) stock transaction an open-market sale?
Yes. The filing classifies the transaction as an open-market sale of common stock. It uses transaction code “S” and describes the action as a non-derivative open-market sale, indicating ordinary share trading rather than option exercises or gifts.