Micron CEO Sells Hundreds of Millions in Shares in May

May 1, 2026, Micron Technology Inc. (Nasdaq: MU) CEO Sanjay Mehrotra, following a pre-established Rule 10b5-1 trading plan, sold approximately 40,000 shares of the company’s common stock in the open market in multiple transactions, raising about $21 million (roughly KRW 32 billion). His direct holdings fell from 464,000 to 424,503 shares. On the same day, Chief Legal Officer Michael Charles Ray, under a separate 10b5-1 plan, sold about 8,000 shares in the open market for roughly $4.1–4.3 million (around KRW 6 billion) and still holds about 67,000 shares. Then on May 29, Mehrotra executed another 10b5-1 plan, selling around 37,000 shares at $940–970 per share for an additional $35.6 million (around KRW 54 billion); however, his direct holdings remain a substantial 387,064 shares. The filing also noted an intra-family transfer of some shares held in trust.

※ Exchange rate estimates assume approximately KRW 1,510–1,520 per dollar.

At the end of May, Micron’s share price surged on the back of booming high-bandwidth memory demand for AI, pushing the company’s market capitalization past the $1 trillion mark for the first time. The company has scheduled its fiscal 2026 third-quarter earnings release for June 24. Micron has warned that supply shortages of DRAM and HBM could extend beyond 2026 and has unveiled a series of capacity expansion plans aimed at meeting rising AI infrastructure investment.

Micron Technology, headquartered in Boise, Idaho, is a NASDAQ-listed memory semiconductor company supplying DRAM, NAND flash, SSDs and other memory and storage solutions to server, PC and smartphone manufacturers worldwide. Alongside Samsung Electronics and SK Hynix, it is one of the “Big Three” global memory vendors, and it has recently focused on high-bandwidth memory for AI data centers, supplying HBM3E to NVIDIA’s next-generation AI GPU platform.