Micron CEO Sells Shares Worth $38.7 Million
Micron Technology's President and CEO, Sanjay Mehrotra, sold nearly $38.7 million worth of company stock on August 21, 2026. The transactions were executed under a pre-arranged 10b5-1 trading plan.
Sanjay Mehrotra, President and Chief Executive Officer of Micron Technology Inc., sold shares of the company valued at approximately $38.7 million on August 21, 2026. The sales were conducted under a pre-established 10b5-1 trading plan, which was initially put in place on January 30, 2026.
The executive offloaded a total of 39,994 shares of Micron common stock. The transactions occurred at prices ranging between $959.14 and $989.59 per share. Following these sales, Mehrotra directly holds 264,503 shares of Micron stock. He also indirectly holds an additional 607,075 shares through grantor retained annuity trusts (GRATs) for the benefit of himself and his family.
This stock sale took place amidst significant gains for Micron's share price. The stock was trading at $932.50, having appreciated by over 700% in the preceding year. In other recent developments, Micron has announced plans to invest $10 billion in a new research and development lab in Boise, Idaho, over the next decade. The facility, named 'Micron Research Labs,' aims to advance storage technology.
Furthermore, S&P Global Ratings upgraded Micron's credit rating to 'BBB+' from 'BBB', citing increased confidence in sustained demand for AI-driven memory semiconductors through 2028. Analysts at UBS and Bank of America Securities have reiterated their 'buy' ratings for the company. However, Micron is also facing a patent infringement complaint filed by competitor Netlist with the U.S. International Trade Commission (USITC) and in federal court.