Richard P Wallace, chief executive officer of KLA Corp ($KLAC), sold 87,568 shares of company stock on August 11, 2026, at $198.95 per share, according to a Form 4 filed with the SEC on August 12, 2026, one day after the trade. The open-market sale totaled $17,421,653.60, and the filing listed 778,943.5499 shares owned after the transaction. KLA Corp is a semiconductor company with a market capitalization of about $252.4 billion. $KLAC shares closed at $200.47 on August 11, the day of the transaction, and the reported sale price of $198.95 was below that close. Between August 3 and August 11, 2026, $KLAC shares traded in a daily range from $174.60 to $205.06. Trading volume on $KLAC that day was about 8.1 million shares.
The August 11 sale was the largest of Wallace's recent reported $KLAC dispositions by dollar value. On May 12, 2026, he sold 4,512 shares at $1,794.00 each for $8,094,528 in a trade filed the same day; the Form 4 listed 75,895.008 shares owned afterward. On November 11, 2025, he sold 10,803 shares at $1,203.10 each for $12,997,089.30, filed two days later, with 81,211.008 shares held afterward. On August 12, 2025, he sold 10,801 shares at $913.68 each for $9,868,657.68, also filed two days later, with 92,818.008 shares held afterward. All four transactions were open-market sales.
Other $KLAC insiders reported sales in the same window. On May 11, 2026, director Jeneanne Michelle Hanley sold 550 shares at $1,874.706 per share, totaling $1,031,088.30, and vice president Virendra A Kirloskar sold 297 shares at $1,879.02 per share, totaling $558,068.94. Both were open-market sales. Wallace's August 11 sale was the first reported $KLAC insider transaction since May 12, 2026.
The congressional disclosure record for $KLAC shows several entries from Representative Ro Khanna, a Democrat, including sales on April 24, 2026 and March 23, 2026 that were disclosed 17 and 15 days later, respectively, and purchases dated March 18, February 5, and January 29, 2026. Khanna also reported a $KLAC sale on February 25, 2025 that was disclosed nine days later. Representative Michael Rulli, a Republican, reported a $KLAC purchase dated July 1, 2026 and disclosed August 7, 2026, a delay of 37 days; that STOCK Act filing carried a midpoint value estimate of about $1,001. Representative Valerie Hoyle, a Democrat, reported a $KLAC purchase on July 28, 2025 that was disclosed 46 days later. Congressional dollar figures are midpoint estimates of bracketed ranges.
Wallace's three prior $KLAC sales between August 2025 and May 2026 ranged from about $8.09 million to about $13.0 million and combined for about $30.96 million, compared with $17.42 million in the August 2026 transaction alone. The August 11, 2026 filing was submitted one day after the trade date.