Insiders Dump $100M+ at Applied Materials

Applied Materials insiders filed over $113 million in stock sales this month. The filings hit in mid-June and reveal a broad exit across the executive suite.

CEO Gary Dickerson filed $49.2 million in sales across 11 separate transactions between June 15 and 16. CTO Omkaram Nalamasu filed another $20.8 million in sales on the same days. Division President Prabu Raja added $31.6 million more over a wider window. Even the independent Chairman sold $5.5 million. Total sales from five insiders crossed $113 million.

The selling cluster is notable. When a CEO, CTO, Chairman, and CFO all file sales within days of each other, it draws attention. AMAT shares traded around $590–$634 during the activity.

Elsewhere, Best Buy founder and Chairman Emeritus Richard Schulze filed $32.7 million in sales on June 26. He sold roughly 418,000 shares across two days at around $78.

On the buying side, Nexstar Media Group CEO Perry Sook filed a $1.99 million open-market purchase on June 26 at $162. That's a rare CEO buy in media. An Adobe independent director also filed a $1.95 million purchase at $194.

This is not financial advice.