Richard P. Wallace, President and CEO of KLA Corp (NASDAQ:KLAC), filed a Form 4 on August 12, 2026, disclosing the sale of 87,568 shares of KLA common stock on August 11, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 87,568 shares of KLA common stock were disposed of on August 11, 2026.
  • Sale price: Shares were sold at $198.95 per share.
  • Planned transaction: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Wallace on November 19, 2025.
  • Remaining ownership: Following the transaction, Wallace beneficially owned 778,943.5499 shares directly.
  • RSU component: The post-transaction share count includes 386,970.215 shares issuable upon vesting of restricted stock units (RSUs).
  • Reporting person role: Wallace is identified as President and CEO of KLA Corp.

Wallace Executes Pre-Planned Share Sale at KLA Corp

According to the filing, Richard P. Wallace sold 87,568 shares of KLA Corp common stock on August 11, 2026, at a price of $198.95 per share. The transaction was coded as a sale (code "S") and recorded as a disposal (D) in Table I of the Form 4. The filing notes that the sale was carried out under a Rule 10b5-1 trading plan that Wallace adopted on November 19, 2025, meaning the terms of the sale were established in advance.

Following the reported transaction, Wallace's direct beneficial ownership stands at 778,943.5499 shares of KLA common stock, according to the filing. The filing further discloses that this total includes 386,970.215 shares issuable upon the vesting of restricted stock units. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Jeffrey S. Cannon as attorney-in-fact for Richard P. Wallace and filed on August 12, 2026. The filing also indicates the form was checked to reflect that the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

What Was Disclosed

KLA Corp's President and CEO Richard P. Wallace reported the sale of 87,568 shares of common stock at $198.95 per share on August 11, 2026, under a pre-established 10b5-1 plan, leaving him with direct beneficial ownership of 778,943.5499 shares, including RSUs.