4Filing Date: Sep 3, 2026

Lam Research (LRCX)

Statement of Changes in Beneficial Ownership

View SEC Filing
ACC: 0001707827-26-000006
Total Value$18.97M
Trades8
Insiders1

Transaction Details

Varadarajan Seshasayee
Senior Vice President·Direct
Exercise · Acquire
Common Stock
Shares+12.27K
Price$59.88
Total Value$734.7K
Shares Owned After217.82K
Transaction DateSep 2, 2026
10b5-1
Footnotes ▸

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. | The amount reported includes shares subject to unvested restricted stock units.

Varadarajan Seshasayee
Senior Vice President·Direct
Exercise · Acquire
Common Stock
Shares+27.48K
Price$30.03
Total Value$825.3K
Shares Owned After233.03K
Transaction DateSep 2, 2026
10b5-1
Footnotes ▸

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. | The amount reported includes shares subject to unvested restricted stock units.

Varadarajan Seshasayee
Senior Vice President·Direct
Exercise · Dispose
Employee Stock Option (Right to Buy)Derivative
Shares-12.27K
Price$0.00
Total Value$0
Shares Owned After0
Transaction DateSep 2, 2026
Exercise Price$59.88
ExpiresMar 1, 2028
10b5-1
Footnotes ▸

The stock options will become exercisable in three equal installments on 03/01/2022, 03/01/2023, and 03/01/2024.

Varadarajan Seshasayee
Senior Vice President·Direct
Sell · Dispose
Common Stock
Shares-12.27K
Price$291.32
Total Value$3.57M
Shares Owned After205.55K
Transaction DateSep 2, 2026
10b5-1
Footnotes ▸

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. | The amount reported includes shares subject to unvested restricted stock units.

Varadarajan Seshasayee
Senior Vice President·Direct
Sell · Dispose
Common Stock
Shares-20.00K
Price$291.32
Total Value$5.83M
Shares Owned After205.55K
Transaction DateSep 2, 2026
10b5-1
Footnotes ▸

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. | The amount reported includes shares subject to unvested restricted stock units.

Varadarajan Seshasayee
Senior Vice President·Direct
Sell · Dispose
Common Stock
Shares-27.48K
Price$291.32
Total Value$8.01M
Shares Owned After205.55K
Transaction DateSep 2, 2026
10b5-1
Footnotes ▸

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. | The amount reported includes shares subject to unvested restricted stock units.

Varadarajan Seshasayee
Senior Vice President·Direct
Exercise · Dispose
Employee Stock Option (Right to Buy)Derivative
Shares-27.48K
Price$0.00
Total Value$0
Shares Owned After0
Transaction DateSep 2, 2026
Exercise Price$30.03
ExpiresMar 2, 2027
10b5-1
Footnotes ▸

The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.

Varadarajan Seshasayee
Senior Vice President·Indirect · By 401(k)
Common Stock
Shares0
Price-
Total Value$0
Shares Owned After2.37K
10b5-1Holding Only

Post-Transaction Holdings

Varadarajan Seshasayee · Senior Vice President
SecuritySharesChange
Common Stock220.18K-20.00K (-8.33%)
Employee Stock Option (Right to Buy)0-39.75K (-100.00%)
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Deep Analysis

Lam Research SVP Seshasayee exercised 39,750 options and sold all 59,750 shares for $17.4M on 9/2 — a net 20,000-share reduction, all executed under a pre-arranged 10b5-1 plan.

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Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-02 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: LAM RESEARCH CORP (LRCX) CIK: 0000707549 --- Reporting Owner --- Name: Varadarajan Seshasayee CIK: 0001707827 Role: Officer (Senior Vice President) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-09-02 | Code: S (Open market sale) Shares: -20,000 | Price: $291.32 Total Value: $5,826,400.00 Shares Owned After: 205,546 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. [F2] The amount reported includes shares subject to unvested restricted stock units. [Transaction #2] Security: Common Stock Date: 2026-09-02 | Code: M (Exercise of derivative) Shares: +12,270 | Price: $59.88 Total Value: $734,739.87 Shares Owned After: 217,816 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. [F2] The amount reported includes shares subject to unvested restricted stock units. [Transaction #3] Security: Common Stock Date: 2026-09-02 | Code: S (Open market sale) Shares: -12,270 | Price: $291.32 Total Value: $3,574,496.40 Shares Owned After: 205,546 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. [F2] The amount reported includes shares subject to unvested restricted stock units. [Transaction #4] Security: Common Stock Date: 2026-09-02 | Code: M (Exercise of derivative) Shares: +27,480 | Price: $30.03 Total Value: $825,306.84 Shares Owned After: 233,026 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. [F2] The amount reported includes shares subject to unvested restricted stock units. [Transaction #5] Security: Common Stock Date: 2026-09-02 | Code: S (Open market sale) Shares: -27,480 | Price: $291.32 Total Value: $8,005,473.60 Shares Owned After: 205,546 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. [F2] The amount reported includes shares subject to unvested restricted stock units. --- Derivative Transactions --- [Transaction #1] Security: Employee Stock Option (Right to Buy) Date: 2026-09-02 | Code: M (Exercise of derivative) Shares: -12,270 | Price: $0.00 Exercise Price: $59.88 Exercisable: N/A | Expires: 2028-03-01 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F3] The stock options will become exercisable in three equal installments on 03/01/2022, 03/01/2023, and 03/01/2024. [Transaction #2] Security: Employee Stock Option (Right to Buy) Date: 2026-09-02 | Code: M (Exercise of derivative) Shares: -27,480 | Price: $0.00 Exercise Price: $30.03 Exercisable: N/A | Expires: 2027-03-02 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F4] The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) --- Footnotes (Complete Index) --- F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 4, 2026. F2: The amount reported includes shares subject to unvested restricted stock units. F3: The stock options will become exercisable in three equal installments on 03/01/2022, 03/01/2023, and 03/01/2024. F4: The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023. --- Signature --- /s/ Marta Woods by Power of Attorney (2026-09-03)

keid analysis is for reference only and does not constitute investment advice.