Richard P. Wallace, President and CEO of KLA CORP (KLAC), sold 4,512 shares of the company's stock on June 11, 2026, for approximately $9.99 million. The shares were sold at an average price of $2,213.37 per share.
This transaction follows a previous sale by Mr. Wallace on May 12, 2026, where he sold 4,512 shares for roughly $8.09 million. Other KLA Corp executives have also engaged in stock sales recently, including Jeneanne Michelle Hanley and Virendra A. Kirloskar.
Insider sales can be driven by various factors including portfolio diversification, tax obligations, or pre-arranged trading plans and do not necessarily reflect a negative outlook on the company's performance.