Micron CEO Sells $30 Billion in Company Shares Amid Cashing Out by Executives in April and May

Micron Technology Inc. (NASDAQ: MU) disclosed that on May 1, CEO Sanjay Mehrotra sold approximately 39,000 shares under its automated trading plan, generating about $21 million in proceeds—roughly KRW 30 billion. Earlier, on April 10, Chief Business Officer Sumit Sadana disposed of around 24,000 shares for about $10.1 million (approximately KRW 15 billion), and on April 14, Executive Vice President of Operations Michael D. Cordano sold several thousand shares, netting roughly $1.48 million (close to KRW 2 billion). Following the transaction, Mehrotra still holds over 420,000 shares directly and, including indirect holdings through family trusts, maintains a substantial equity stake.

Recently, Micron announced it began sampling 256 GB DDR5 server modules designed for AI servers and has commenced volume shipments of its 245 TB‐capacity Micron 6600 ION data-center SSDs. In its second-quarter fiscal 2026 results, reported in March, the company posted record revenue, net income, and cash flow, reflecting strong memory demand driven by expanding AI workloads.

Headquartered in Boise, Idaho, Micron is a global leader in memory and storage semiconductors, supplying DRAM, NAND, and NOR flash solutions for servers, PCs, mobile devices, and automotive applications. Alongside Samsung Electronics and SK hynix, it ranks among the top three memory vendors worldwide. Since 2017, Mehrotra has led Micron’s strategic roadmap and overseen significant capital investments to support the surge in AI data-center deployment.