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EdgarHawk

Richard P Wallace

President and CEO

Officer

Latest: President and CEO selling · June 2026

7 filings analyzed · 1 company · Latest 2026-06-11

Companies

Company Buys Sells Direction
KLA CORP KLAC 0 15 Net selling

Activity

June 2026
2026-06-11 KLA CORP KLAC
low
Sell
4,512 shares
$9,986,725
Significance 5/10

CEO Richard P Wallace sells 4,512 shares of KLAC for $9,986,725.44 under pre-arranged 10b5-1 plan

Richard P Wallace, President and CEO of KLA CORP, executed a sale of 4,512 shares at $2,213.37 on 2026-06-11 under a 10b5-1 trading plan adopted on 2025-11-19, reducing holdings from 75,895 to 71,383 shares. The transaction is scheduled, not discretionary. His prior sales at KLAC have returned +19.0% (30-day) and +19.0% (90-day) following the most recent 2026-05-12 sale, and +5.0% (30-day) and +33.3% (90-day) following the 2025-08-12 sale, reflecting varied market conditions at the time of each execution. The company reported $3.4B in quarterly revenue, +23.9% annual revenue growth, and a P/E of 67.46, indicating strong operational performance but elevated valuation multiples.

May 2026
2026-05-12 KLA CORP KLAC
medium
Sell
4,512 shares
$8,094,528
Significance 5/10

CEO Richard P Wallace sells 4,512 shares for $8.1M, continuing a 15-trade pattern of open-market dispositions with mixed prior timing.

Richard P Wallace, KLA's President and CEO, disposed of over $8 million in company stock—a sale that continues a disciplined but uneven pattern of share dispositions spanning the past year and a half. His prior five exits at this ticker showed mixed results: four saw the stock rise afterward (poor timing on those exits), while one sale coincided with a subsequent stock decline (well-timed). The current sale occurs with the stock trading modestly below its 52-week high and up sharply over the past three months, a period when the company has demonstrated solid financial health with growing revenue and consistent profitability. As President and CEO, Wallace maintains operating knowledge of the business, yet his repeated sales—now 15 open-market dispositions in the 36-month filing window—suggest a consistent pattern of capital redeployment rather than a sudden loss of confidence in fundamentals. The mixed historical accuracy of his prior exits (roughly one well-timed sale for every four that preceded stock gains) means this sale cannot be interpreted as a strong signal of near-term weakness, though it warrants monitoring as part of his ongoing exit activity.

November 2025
2025-11-13 KLA CORP KLAC
high
Sell
10,803 shares
$12,997,089
Significance 8/10

President/CEO Richard Wallace sold 10,803 KLAC shares at $1,203.10 for $13.0M on 2025-11-11

Richard Wallace, KLA's President and CEO, sold 10,803 shares (approximately 11.8% of his pre-transaction holdings) at $1,203.10, reducing his stake from 91,210 to 80,407 shares. His prior five sales at KLAC showed a 100% rate of being well-timed at the 90-day mark, with post-sale declines averaging -86.7% to -90.6%, establishing a consistent pattern of exits preceding downturns. His cross-ticker track record across 20 prior open-market sales shows a 100.00% well-timed rate with an average 90-day return of -88.6%, reinforcing the predictive consistency of his sales. The current transaction occurs after KLAC has already advanced +13.3% over 30 days and +32.8% over 90 days, yet remains 6.0% below its 52-week high of $123.53; the fundamentals remain robust with recent quarterly revenue of $3.2B, net income of $1.1B, and annual growth of +23.9%, but the timing and scale of this executive sale—from the company's top operational officer—merit investor attention against the backdrop of his demonstrated prescience in prior exits.

August 2025
2025-08-14 KLA CORP KLAC
high
Sell
10,801 shares
$9,868,658
Significance 8/10

KLA CEO Richard Wallace sold 10,801 shares at $913.68 on 2025-08-12; prior 5 trades at KLAC all well-timed with 90d avg -88.4%.

Richard Wallace, KLA's President and CEO, sold 10,801 shares (10.5% of pre-transaction holdings) for $9,868,657.68 at $913.68, reducing his position from 102,815 to 92,014 shares. His same-ticker history at KLAC is striking: all 5 prior sales occurred well before subsequent declines, with 90-day average returns of -88.4%, -90.2%, -89.7%, -89.1%, and -89.9% respectively, establishing a 100% track record of selling ahead of downturns at this specific ticker. His cross-ticker track record shows 20 prior sells with an average 90-day return of -88.6% and a well-timed rate of 100%, reinforcing a pattern of sales executed at local peaks. The current stock price of $95.54 stands at the 52-week high (+0.0%), suggesting this sale occurs at a significant valuation inflection point, which aligns with the historical pattern of his prior exits before declines.

May 2025
2025-05-08 KLA CORP KLAC
high
Sell
10,802 shares
$7,381,007
Significance 8/10

CEO Richard P Wallace sold 10,802 shares of KLA CORP at $683.30 on 2025-05-06 ($7.4M); stock now -21.2% from 52-week high

Richard P Wallace, President and CEO of KLA CORP, executed an open-market sale of 10,802 shares at $683.30, reducing his holdings by 12.2%. This transaction occurs against a backdrop of KLA's recent weakness: the stock has declined 5.9% over 90 days and sits 21.2% below its 52-week high of $89.24, despite a 17.3% rebound in the past 30 days. Critically, Wallace's timing pattern is exceptional—his prior five sales at KLA all generated negative 90-day returns (ranging from -88.7% to -90.6%), with a 100% well-timed rate, meaning the stock fell after each prior sale. His cross-ticker track record reinforces this pattern: 20 prior sells with a 100% well-timed rate and an average 90-day return of -88.6%. While KLA's fundamentals show solid profitability ($1.1B net income on $3.1B quarterly revenue), the company faces a headwind of -6.5% annual revenue growth. The combination of a demonstrated historical ability to sell ahead of declines and the current price action 21.2% below 52-week highs warrants investor scrutiny of the underlying business momentum.

November 2024
2024-11-14 KLA CORP KLAC
high
Sell
14,306 shares
$9,485,021
Significance 8/10

CEO Wallace Richard P liquidates entire 14,306-share KLAC position for $9.5M at $663.01; stock now at $64.50, -27.7% from 52-week high

Richard P. Wallace, KLA's President and CEO, sold his entire remaining stake of 14,306 shares on 2024-11-12 for $9,485,021.06, reducing his post-transaction holdings to zero. The sale occurred at $663.01 per share; the stock has since declined to $64.50, representing -27.7% from its 52-week high and -8.9% over the prior 30 days. Wallace's historical pattern at KLAC shows strong timing discipline: across 5 prior sales at this ticker, all 5 were well-timed at the 90-day mark, with post-sale 90-day returns averaging -90.4%, suggesting the CEO consistently sold before significant declines. His cross-ticker track record corroborates this pattern, with a 100.00% well-timed rate across 20 prior open-market sales. The complete exit from his KLAC position during a period of deteriorating momentum (90-day change: -21.3%) merits close attention given the company's fundamentals show annual revenue growth of -6.5% and a P/E of 2.91 on $2.8B in latest-quarter revenue.

August 2024
2024-08-08 KLA CORP KLAC
high
Sell
17,437 shares
$12,293,259
Significance 8/10

KLAC CEO Richard Wallace sold 17,437 shares (-88.0% of holdings) for $12.3M at $705.01; 5 of 5 prior KLAC sales showed 90d declines averaging -90.1%

Wallace, as President and CEO, divested nearly 88% of his KLAC holdings in a single transaction for $12.3M, retaining only 2,380 shares. His prior trading history at this ticker is striking: he has executed 5 previous sales at KLAC, and all 5 were followed by 90-day declines ranging from -90.1% to -90.2%, representing a 100% well-timed sell rate. His cross-ticker track record further reinforces this pattern, showing 20 prior sells across all holdings with a 100.00% well-timed rate at the 90-day mark and an average 90d return of -88.3%. The current price of $75.23 is already -15.7% from the 52-week high and -14.0% over the past 30 days, consistent with the directional pattern his prior sales have preceded. With KLA's annual revenue declining -6.5% year-over-year and a P/E of 5.10, the CEO's near-complete liquidation warrants investor attention as a potential signal about near-term stock performance.

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