Micron Technology Inc (MU) CEO Sells Nearly 500 Billion Won in Shares Amid AI Rally

On May 29, Micron Technology CEO Sanjay Mehrotra sold approximately 37,000 shares of common stock on the open market under a prearranged Rule 10b5-1 trading plan, raising about $35.6 million (roughly KRW 460 billion), according to an SEC filing. In a separate filing that day, he sold an additional 2,500 shares to secure around $2.5 million (about KRW 30 billion), while his direct and indirect holdings remain valued at approximately $1 billion (over KRW 1 trillion). Meanwhile, insider Steven J. Gomo disposed of 2,000 shares on May 11, netting about $1.57 million (around KRW 20 billion); his holdings fell to roughly 17,000 shares following the transaction.

Micron is accelerating its response to AI infrastructure demand by choosing Bechtel as the construction partner for its large-scale memory fab project in New York and unveiling an AI-focused memory and storage product portfolio—spanning data centers to edge applications—at Computex 2026. With its 2026 supply of HBM4 AI memory effectively sold out, the company is set to report fiscal Q3 2026 results on June 24.

Headquartered in Boise, Idaho, Micron Technology is a global memory semiconductor company manufacturing DRAM, NAND flash, SSDs and other memory products for servers, data centers and AI infrastructure. CEO Sanjay Mehrotra, a veteran who co-founded SanDisk in 1988, has led Micron since 2017, spearheading large-scale capital investments and expansion of high-bandwidth memory solutions for AI.