Director Eric Brandt sells 54,500 shares at avg $367.18 for $20.0M under pre-arranged 10b5-1 plan
Eric Brandt, a Director of Lam Research, executed 17 separate sales totaling 54,500 shares for $20,011,345.71 on 2026-06-12, reducing his holdings by 27.4% from 199,205 to 144,705 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2026-02-06, meaning the sales were scheduled and not discretionary decisions made in response to current market conditions. The blended average sale price of $367.18 compares to the current price of $389.60, and notably the stock has risen 36.8% in the 30 days and 72.0% in the 90 days following the transaction date. Brandt's prior two sales at LRCX on 2026-02-06 showed 30-day returns of -9.8% and -13.3% respectively, while the subsequent 90-day returns were positive at +29.7% and +24.6%, reflecting a pattern where the stock recovered and climbed after his scheduled sales.