Lam Research (LRCX) Brent and Archer Sell $50 Million in Stock from June to July

Lam Research Corp (LRCX) insiders Eric Brandt and Timothy Archer executed substantial sales of the company’s common stock under Rule 10b5-1 plans on June 11–12 and July 2, liquidating over $50 million in disclosed transaction value alone to secure additional liquidity.[1][2][3] These transactions reduced Brandt’s direct holdings from 252,731 to 144,705 shares, while Archer maintained direct ownership of over 1 million shares even after exercise, highlighting investor interest in these large but pre-planned insider sales.[1][2][3]

Eric Brandt Conducts Two-Day Rule 10b5-1 Sales…Reduces Holdings

Eric Brandt sold Lam Research common stock in 25 transactions on June 11, 2026.[1]
Each trade occurred in blocks ranging from 36 to 6,592 shares at per-share prices between $337.56 and $364.00.[1]

June 11 Brandt sales details [1]:

Date	Price per Share ($)	Shares Sold	Amount ($)
2026-06-11	337.56	974	328,809.44
2026-06-11	346.79	3,442	1,194,091.18
2026-06-11	347.86	6,592	2,294,143.12
2026-06-11	362.95	5,717	2,074,062.15
2026-06-11	364.00	642	233,688.00

The Form 4 notes that the June 11 trades were open-market sales under a Rule 10b5-1 trading plan, with each tranche reported at the weighted-average price.[1] These transactions reduced Brandt’s direct holdings from 252,731 to 199,205 shares, including unvested restricted stock units (RSUs).[1] The post-transaction book value of his holdings was approximately $72,510,782 at the time of filing.[1]

Brandt proceeded with an additional 17 sales under the same Rule 10b5-1 plan on June 12, 2026.[2]
He disposed of 57,500 shares in total that day, with per-share prices ranging from $355.71 to $373.09.[2]

June 12 Brandt sales details [2]:

Date	Price per Share ($)	Shares Sold	Amount ($)
2026-06-12	355.71	300	106,713.00
2026-06-12	367.01	5,803	2,130,771.03
2026-06-12	371.17	8,233	3,058,062.61
2026-06-12	372.23	7,700	2,866,171.00
2026-06-12	373.09	1,600	596,944.00

According to the Form 4, the June 12 trades disposed of 57,500 shares for aggregate proceeds of about $20.8 million.[2] These sales further reduced Brandt’s direct holdings (including unvested RSUs) from approximately 198,905 to 144,705 shares, with a post-transaction value of about $53,998,026.45.[2]

Summary of Brandt’s key equity changes [1][2]:

Category	Before 6/11	After 6/11	After 6/12
Direct Shares Held	252,731	199,205	144,705
Book Value of Holdings ($)	—	72,510,782.00	53,998,026.45

Both Form 4 filings indicate these sales were executed automatically under a pre-established Rule 10b5-1 plan and were signed and submitted by Marta Woods on June 15.[1][2]

CEO Timothy Archer Sells 30,000 Shares After Stock Option Exercise

Timothy Archer, President and CEO of Lam Research, exercised 30,000 employee stock options at $30.033 per share (Code M) on July 2, 2026, and immediately sold the same number of shares on the open market at $390.01 per share (Code S).[3] The option exercise generated approximately $900,990, followed by proceeds of about $11,700,300 from the sale.[3]

Archer transaction details [3]:

Date	Transaction Type	Price per Share ($)	Shares	Amount ($)
2026-07-02	Option Exercise	30.033	30,000	900,990.00
2026-07-02	Sale	390.01	30,000	11,700,300.00

These options vested in thirds on March 2 of 2021, 2022, and 2023 and expire on March 2, 2027.[3] According to the Form 4, this transaction also followed a pre-established Rule 10b5-1 trading plan.[3]

Following the transactions, Archer’s direct holdings totaled 1,075,966 shares, including unvested RSUs.[3] Indirect holdings include 48,025.745 shares in his personal 401(k) and 5,670.026 shares in his spouse’s 401(k).[3]

Archer’s current equity position [3]:

Category	Shares Held
Direct Holdings	1,075,966
401(k) Indirect	48,025.745
Spouse’s 401(k) Indirect	5,670.026

These filings confirm that Lam Research’s key insiders executed significant cashing out via Rule 10b5-1 plans in mid-June and early July, while Archer retains over one million shares and Brandt maintains several hundred thousand shares.[1][2][3]