Micron Form 4: Director Mary Pat McCarthy Sells Shares via 10b5-1 Plan
Rhea-AI Filing Summary
Mary Pat McCarthy, a director of Micron Technology (MU), sold 2,404 shares of Micron common stock on 09/02/2025 at $115.67 per share under a Rule 10b5-1 trading plan adopted on 11/06/2024. After the sale she beneficially owns 20,146 shares, reported as direct ownership. The Form 4 was filed as a single reporting-person filing and signed by an attorney-in-fact on 09/04/2025. The filing discloses the sale code "S(1)" and explicitly states the transactions were effected pursuant to the trading plan.
Positive
- Sale executed under a Rule 10b5-1 trading plan, indicating pre-established, defensive insider trading procedures.
- Timely and explicit disclosure of shares sold, price, transaction date, and post-transaction beneficial ownership.
- Reporting person identified as a director, clarifying relationship to issuer and governance context.
Negative
- None.
Insights
TL;DR: Routine insider sale under a pre-established 10b5-1 plan; limited investor impact.
The sale of 2,404 shares at $115.67 was executed under a documented Rule 10b5-1 plan, which reduces the likelihood the transaction was based on nonpublic information. The remaining direct holding of 20,146 shares gives context to the size of the disposition relative to the reporting person's stake. This disclosure is standard and provides transparency but does not itself indicate a change in company fundamentals.
TL;DR: Compliance-focused filing showing governance best practice of preset trading plan and timely reporting.
The Form 4 documents that the sale was done pursuant to a 10b5-1 plan adopted 11/06/2024, demonstrating adherence to an accepted insider-trading mitigation mechanism. Timely reporting and attorney-in-fact signature meet procedural expectations. The filing contains no disclosures of other material events or changes in role.
FAQ
How many Micron (MU) shares did Mary Pat McCarthy sell on 09/02/2025?
At what price were the MU shares sold by Mary Pat McCarthy?
Was the sale by the MU director part of a 10b5-1 trading plan?
How many MU shares does Mary Pat McCarthy beneficially own after the reported transaction?
Who signed the Form 4 for Mary Pat McCarthy and when?