Micron CEO Sanjay Mehrotra Sells $37.3M in Stock Amid Share Price Decline
Micron Technology CEO Sanjay Mehrotra sold $37.3 million worth of stock during a week when the company's shares hit a two-month low, according to SEC filings reviewed by StockTitan. The sales occurred on July 24 and were executed under a Rule 10b5-1 trading plan adopted in January 2026—well within the required cooling-off period mandated after stricter regulations took effect in 2023. Micron's stock has fallen sharply, closing at $820.53 on July 28—a drop of over 32% from its June peak—and reducing Micron’s market value to around $927 billion. The decline was attributed more broadly to concerns about new competition in the chipmaking industry and worries surrounding AI infrastructure spending rather than Mehrotra's trades. Despite the stock correction, recent financial results show strong performance: revenue exceeded estimates at $41.46 billion for its most recent quarter with robust demand for HBM3E and HBM4 memory chips through 2028.
Tickers: $MU
Topics: executive behavior investor psychology SEC regulations stock sales