APPLIED MATERIALS INC /DE — Director's Dealing 2023

Dec 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2023-12-07

Reporting Person: Little Teri A. (SVP, CLO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-07	Common Stock	A	12486	—	Acquired	82055	Direct
2023-12-07	Common Stock	A	10951	—	Acquired	93006	Direct
2023-12-07	Common Stock	A	10951	—	Acquired	103957	Direct

Footnotes

F1: Represents performance share units acquired based on achievement of specified performance goals related to performance share units previously granted. This acquisition is exempt under Rule 16b-3. The shares are scheduled to vest on December 19, 2023, subject to continued employment through the vesting date.

F2: Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3. Number of shares includes 54,594 performance share units and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. ("Applied") common stock upon vesting, which vesting is scheduled to occur as follows: (a) 12,486 performance share units are scheduled to vest in December 2023, (b) 21,855 restricted stock units are scheduled to vest in installments in December of 2023 through 2025, and (continued below)

F3: (c) 20,253 performance share units are scheduled to vest in installments in December of 2024 and 2025, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).

F4: Represents performance share units that will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur on December 19, 2026, depending on the achievement of specified performance goals and continued employment through the vesting date. The number of shares shown is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on the achievement of specified performance goals.

F5: Represents restricted stock units that will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur in three equal annual installments beginning December 19, 2024, subject to continued employment through each applicable vesting date.