Memory chip maker Micron Technology (MU, Financials) disclosed in two SEC Form 4 filings that CEO Sanjay Mehrotra sold 40,000 company shares for approximately $37.29 million under a pre-arranged trading plan.
The first SEC filing reported the sale of 31,285 shares. The second SEC filing reported the remaining 8,715 shares.
The transactions took place on July 24 under a Rule 10b5-1 trading plan adopted on January 30, 2026.
The sale follows late June transactions in which Mehrotra sold 28,506 shares. He has not made any open-market purchases of Micron shares in the past six months.
Micron shares have fallen about 34% since peaking on June 25 and recently hit a two-month low after declining for three consecutive sessions.
Large insider sales can draw investor attention, although transactions made under pre-arranged trading plans do not necessarily signal a change in management's outlook.