Micron Technology (NASDAQ:MU) CEO Sanjay Mehrotra unloaded nearly $36 million in company stock last week, filing a Form 4 with the SEC disclosing the sale of 37,439 shares on May 29 across 30 separate transactions at a weighted-average price of $960.38 per share — netting a total of approximately $35.96 million.
- MU stock is down today. See the chart and price action here.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan that Mehrotra adopted on Jan. 30, 2026, insulating the transactions from any accusation of market timing.
Following the sale, the CEO directly holds 387,064 shares — a reduction of roughly 8.82% in his direct position — valued at approximately $371.7 million at the time of the transaction.
He also maintains indirect holdings of over 607,000 shares through grantor retained annuity trusts.
The move isn’t an isolated one. Mehrotra also sold an additional 2,561 shares the same day at prices ranging from approximately $973 to $978, and he sold 40,000 shares on May 1 at an average of $536.26 — that transaction alone generated over $21.4 million.
Combined, Mehrotra has sold more than $100 million in MU stock over the past 24 months, according to Benzinga Pro insider data.
Micron’s Stunning Rally
The selling pressure is notable, but context matters. MU shares have staged a staggering rally, with the stock now trading near $1000, just a tick below its 52-week high of $1,089.29.
That’s a run of more than 900% off the 52-week low of $103.38, a surge fueled by insatiable demand for high-bandwidth memory (HBM) chips underpinning AI infrastructure buildouts at the major cloud and hyperscaler customers.
Micron is now valued at roughly $1.22T with a trailing P/E of 50.85.
For his part, Mehrotra has made no secret of the company’s trajectory.
On Micron’s most recent earnings call, he declared the company had set “new records across revenue, gross margin, EPS, and free cash flow,” adding that he expects “significant records again in fiscal Q3” — due to be reported on June 24.
Bulls will note that planned insider sales are par for the course among executives sitting on massive paper gains, and Mehrotra retains hundreds of millions of dollars in MU exposure.
Bears, meanwhile, will point to over $85 million in aggregate insider selling over the past 90 days across multiple executives, per Benzinga Pro data — a breadth of profit-taking that’s harder to dismiss.
With Q3 earnings and fresh guidance just weeks away, the timing of the insider activity will be closely watched.
MU Stock Price Activity: Micron stock down 8.16% at $991.47 at the time of publication Thursday, according to Benzinga Pro.
Chip stocks were trading lower in sympathy with Broadcom Inc. (NASDAQ:AVGO) which fell as investors digested the company’s reaffirmed AI revenue guidance.
Over the past month, MU has gained about 62.6% versus a 4.2% rise in the S&P 500 and is up roughly 236% year-to-date compared to the index’s 9.7% gain.
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