Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
Rule 10b5-1 Trading Plans Adopted by Officers and Directors During the Third Quarter
During the three months ended March 31, 2024, the following officers of the Company adopted trading plans to sell and/or gift shares of our common stock that have been or will be issued upon the vesting of RSUs, or purchased in our Employee Stock Purchase Plan, that are intended to satisfy the affirmative defense conditions set forth in Rule 10b5-1(c) under the Exchange Act. The material terms of the trading plans other than pricing conditions are set forth in the table below:
| Name of Officer | Title of Officer | Date of Adoption | Duration | Maximum Number of Shares to be Sold* | ||||||||||
| Ahmad Khan | President, Semiconductor Process Control | February 20, 2024 | 305 days** | 27,028 | ||||||||||
| Virendra Kirloskar | Senior Vice President and Chief Accounting Officer | February 1, 2024 | 363 days*** | 2,999 | ||||||||||
| Brian Lorig | Executive Vice President, Global Services and Support | February 2, 2024 | 389 days**** | 11,591 | ||||||||||
| Mary Beth Wilkinson | Executive Vice President, Chief Legal Officer and Corporate Secretary | February 2, 2024 | 362 days***** | 4,384 |
- Due to pricing conditions in the trading plans, the number of shares actually sold under the trading plans may be less than the maximum number of shares that can be sold. Shares sold under plans upon the vesting of performance-based RSUs where the performance conditions have not been met at the time of plan adoption or are to be purchased in the future under our employee stock purchase plan are calculated at the maximum number of shares that may be issued, with fractional shares disregarded.
** Mr. Khan’s trading plan terminates when the last trade is placed under the plan. The last scheduled trade is on November 18, 2024; provided that if any scheduled trades are not placed because of trading conditions set forth in the plan, the trading plan will terminate on December 20, 2024.
*** Mr. Kirloskar’s trading plan terminates when the last trade is placed under the plan. The last scheduled trade is on January 2, 2025; provided that if any scheduled trades are not placed because of trading conditions set forth in the plan, the trading plan will terminate on January 28, 2025.
**** Mr. Lorig’s trading plan terminates when the last trade is placed under the plan. The last scheduled trade is on August 7, 2024; provided that if any scheduled trades are not placed because of trading conditions set forth in the plan, the trading plan will terminate on February 24, 2025.
***** Ms. Wilkinson’s trading plan terminates when the last trade is placed under the plan. The last scheduled trade is on August 5, 2024; provided that if any scheduled trades are not placed because of trading conditions set forth in the plan, the trading plan will terminate on January 28, 2025.
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