Lam Research CEO Sells 30,000 Shares of AI Semiconductor Equipment, Still Holds Over 1 Million

Lam Research Corp. (ticker: LRCX) disclosed in a July 2 filing that CEO Timothy Archer exercised 30,000 stock options at $30.03 per share and immediately sold the same number of shares on the open market at roughly $390 each, netting about $11.7 million (approximately KRW 16 billion). He continues to hold approximately 1.07 million shares directly.

Earlier, on June 11–12, board member Eric Brandt disposed of part of his holdings through multiple open-market transactions under a pre-established Rule 10b5-1 trading plan, raising about $20.8 million (nearly KRW 30 billion) in liquidity. According to the filing, he still retains his remaining vested and unvested RSUs.

In pre-market trading on July 6, Lam Research’s shares rebounded more than 5% following a broad sell-off in semiconductor equipment stocks on July 2. In May, the board approved a quarterly dividend of $0.26 per share, payable on July 8.

Headquartered in Fremont, California, Lam Research supplies semiconductor wafer etch and deposition equipment to major global foundry and memory customers, including TSMC, Samsung Electronics and Micron. In its quarter ended March 29, the company reported revenue of about $5.8 billion and net income of approximately $1.8 billion, reflecting continued strength driven by expanded investment in AI servers and advanced process technologies.