Micron CEO Sanjay Mehrotra sold 40,000 shares of company stock on July 24, valued at approximately $37 million. This sale occurred one month after Micron announced it had secured $22 billion in cash deposits and related financial commitments from customers for "take-or-pay" contracts, with customer demand for memory still 50% higher than Micron's committed supply. Additionally, Micron Chief Accounting Officer Scott Allen and Chief People Officer April Arnzen also sold company stock in July.