Global Semiconductor Equipment Company 'Lam Research' CLO Sells Portion of Shares After Exercising Stock Options

Lam Research Corp. (NYSE: LRCX) announced on April 27 that its Chief Legal Officer, Ava Harter, exercised 6,010 employee stock options at approximately $77 per share to acquire common stock, then sold all of those shares the same day at about $259 each, generating roughly $1.55 million in proceeds (approximately ₩2 billion).

Following this transaction, Harter’s directly held position—including unvested restricted stock units—has decreased to around 53,000 shares. Likewise, the outstanding stock options set to expire in August 2031 and vest in three tranches from 2025 to 2027 were reduced by the number of options exercised.

According to the SEC filing, this represents a customary compensation-and-liquidity transaction in which options are exercised and sold concurrently. No separate open-market repurchase or plans for further large-scale sales were disclosed.

Separately, in its April 22 release of third-quarter fiscal 2026 results, Lam Research reported quarterly revenue of approximately $5.8 billion and maintained solid profitability year over year. The company also issued guidance for the June quarter, reflecting growing demand for AI-related semiconductor equipment.

Headquartered in Fremont, California, Lam Research is a Fortune 500 semiconductor-equipment manufacturer that supplies critical wafer-etch and deposition systems to leading global chipmakers, including TSMC, Samsung Electronics, and Micron.