MU Form 5 updates beneficial ownership—178.722 ESPP shares added
Rhea-AI Filing Summary
Ray Michael Charles, identified as SVP, Chief Legal Officer of Micron Technology, Inc. (MU), filed a Form 5 for the fiscal year ended 08/28/2025 to correct prior Section 16 reporting. The filing updates beneficial ownership to reflect 178.722 shares acquired on July 31, 2025 under Micron's Employee Stock Purchase Plan (an acquisition exempt from reporting under Rules 16a-3(f)(1)(i)(B) and 16b-3(c)). The Form shows 92,616 shares with a transaction code indicated as D in Table I and lists ownership at the end of the fiscal year accordingly. The Form 5 was signed by attorney-in-fact Mai Lan Bui on 10/02/2025.
Positive
- 178.722 shares acquired under the Micron Employee Stock Purchase Plan were added to beneficial ownership
- Filing clarifies Section 16 reporting for the fiscal year ended 08/28/2025, improving disclosure completeness
Negative
- 92,616 shares are listed with a transaction code "D" (disposed), but the filing provides no date or price for that disposal
- The Form 5 is an amendment-style annual correction rather than a contemporaneous Form 4, indicating prior reporting gaps
Insights
Form 5 corrects prior Section 16 reporting to include an ESPP acquisition of 178.722 shares.
This filing is procedural: it updates the annual statement to record 178.722 shares acquired under the Employee Stock Purchase Plan, a transaction the filer states is exempt from routine reporting rules. The signature by an attorney-in-fact on 10/02/2025 completes the annual correction.
The Table I line showing 92,616 with transaction code D indicates a reported disposal on the form; the filing does not provide dates, prices, or further detail for that disposition within the body of this document.