FolioLanternBeta
RMBSRambus Inc · Insider ownership research

Rambus Inc insiders sold $21.0M in the past 12 months. How much of their stake is that?

41% was sold under disclosed trading plans, 59% with no plan disclosed. The largest seller, Xianzhi Fan (EVP, COO), sold $5.8M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$12.3M
sold with no plan disclosed, past 12 months
41%
of sales were under disclosed trading plans, past 12 months
10 of 14
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 10 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Oct 5 for a sale on Oct 2. Charles Kissner sold 5K shares ($555K) under a disclosed plan. Filing
SEC ownership filings: 41 filed in the 12 months to Oct 16, 2026; 993 on record since Apr 23, 2003 · See the evidence

What stands out

Four insiders sold $12.0M with no disclosed plan: Xianzhi Fan ($5.8M), Emiko Higashi ($2.4M) and Necip Sayiner ($2.1M), plus 1 more. The filings don't state a reason.Xianzhi Fan: largest such sale, May 26, 2026 · Emiko Higashi: largest such sale, Jun 2, 2026 · Necip Sayiner: largest such sale, May 8, 2026
Tax withholding outweighed market sales: the company withheld $27.1M of officers' and directors' shares for taxes, against $21.0M sold on the open market. The largest was Luc Seraphin ($11.7M withheld).Largest withholding, Feb 1, 2026

A share of stake is shown for 0 of the 10 officers and directors who sold. 14 are left out

i
Left out: Luc Seraphin, Xianzhi Fan, Emiko Higashi, Desmond Lynch, Charles Kissner, Necip Sayiner, Meera Rao, Eric Stang, John Shinn, John Allen, William Taulbee II, Steven Laub, Victor Peng and Sumeet Gagneja (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Xianzhi Fan
EVP, COO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$5.8MNo plan disclosed
Luc Seraphin
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.4MDisclosed plan
Emiko Higashi
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.4MNo plan disclosed
Necip Sayiner
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.1MNo plan disclosed
Eric Stang
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.7MNo plan disclosed
All 10 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $959K no plan disclosedNovDecJanFeb 2026: $434K under a disclosed planFebMar 2026: $4.8M under a disclosed planMarApr 2026: $1.9M under a disclosed planAprMay 2026: $8.1M no plan disclosed$8.1MMayJun 2026: $3.2M no plan disclosedJunJulAug 2026: $505K under a disclosed planAugSep 2026: $525K under a disclosed planSepOct 2026: $555K under a disclosed planOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026
Oct 2, 2026Charles Kissner sold 5K shares ($555K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Charles Kissner
Director
5,000$111.00n/an/aOct 2, 2026Oct 5, 2026
Sep 22, 2026Charles Kissner sold 5K shares ($525K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Charles Kissner
Director
5,000$105.00n/an/aSep 22, 2026Sep 24, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Rambus Inc CEO selling stock?

Yes. Luc Seraphin sold 45K shares ($4.4M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Rambus Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 41% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 59% had no disclosed plan. A trading plan schedules sales in advance.

Are any Rambus Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold10 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Xianzhi Fan
EVP, COO
$5.8M
38K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Luc Seraphin
President and CEO, Director
$4.4M
45K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Emiko Higashi
Director
$2.4M
15K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Necip Sayiner
Director
$2.1M
15K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Eric Stang
Director
$1.7M
14K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Charles Kissner
Director
$1.6M
15K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Meera Rao
Director
$1.5M
12K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
John Shinn
SVP, General Counsel
$974K
10K shares
Not confirmed
share of stake is being verified. Why
85% under a disclosed plan 15% no plan disclosed
Desmond Lynch
SVP, CFO
$434K
4.3K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Steven Laub
Director
$188K
1.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 14 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Luc Seraphin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Luc Seraphin are complete.
President and CEO, Director
n/a−45Kn/an/a
Vesting, gifts, unvested awards and holding lines for Luc Seraphin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Luc Seraphin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−105Kwithheld by the company for taxes
Xianzhi Fan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Xianzhi Fan are complete.
EVP, COO
n/a−38Kn/an/a
Vesting, gifts, unvested awards and holding lines for Xianzhi Fan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Xianzhi Fan are complete; balances and unit counts will be added when the check is finished.

−600gifted (net of own trusts)
−102Kwithheld by the company for taxes
Emiko Higashi
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Emiko Higashi are complete.
Director
n/a−15Kn/an/a
Vesting, gifts, unvested awards and holding lines for Emiko Higashi

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Emiko Higashi are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Desmond Lynch
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Desmond Lynch are complete.
SVP, CFO
n/a−4.3Kn/an/a
Vesting, gifts, unvested awards and holding lines for Desmond Lynch

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Desmond Lynch are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−22Kwithheld by the company for taxes
Charles Kissner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Kissner are complete.
Director
n/a−15Kn/an/a
Vesting, gifts, unvested awards and holding lines for Charles Kissner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Kissner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Necip Sayiner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Necip Sayiner are complete.
Director
n/a−15Kn/an/a
Vesting, gifts, unvested awards and holding lines for Necip Sayiner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Necip Sayiner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Meera Rao
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Meera Rao are complete.
Director
n/a−12Kn/an/a
Vesting, gifts, unvested awards and holding lines for Meera Rao

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Meera Rao are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Eric Stang
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Eric Stang are complete.
Director
n/a−14Kn/an/a
Vesting, gifts, unvested awards and holding lines for Eric Stang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Eric Stang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
John Shinn
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Shinn are complete.
SVP, General Counsel
n/a−10Kn/an/a
Vesting, gifts, unvested awards and holding lines for John Shinn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Shinn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−12Kwithheld by the company for taxes
John Allen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Allen are complete.
Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for John Allen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Allen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.3Kwithheld by the company for taxes
William Taulbee II
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Taulbee II are complete.
Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for William Taulbee II

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Taulbee II are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Steven Laub
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Laub are complete.
Director
n/a−1.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Steven Laub

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Laub are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Victor Peng
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Victor Peng are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Victor Peng

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Victor Peng are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Sumeet Gagneja
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sumeet Gagneja are complete.
SVP, CFO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Sumeet Gagneja

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sumeet Gagneja are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Rambus Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$21.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $21.0M across 169,474 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($12.3M), including tax-related sales outside a plan.

No plan disclosed · $12.3M

Sales with no 10b5-1 plan and no tax reference in the filing. $5.8M of it is Xianzhi Fan. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Xianzhi Fan, May 26, 2026

Taxes

243,589 shares ($27.1M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Xianzhi Fan
EVP, COO
38K$5.8M0%27%May 26, 2026 to May 26, 2026
Luc Seraphin
President and CEO, Director
45K$4.4M100%21%Mar 2, 2026 to Apr 2, 2026
Emiko Higashi
Director
15K$2.4M0%11%May 26, 2026 to Jun 2, 2026
Necip Sayiner
Director
15K$2.1M0%10%May 8, 2026 to Jun 3, 2026
Eric Stang
Director
14K$1.7M0%8%Nov 7, 2025 to Jun 1, 2026
Charles Kissner
Director
15K$1.6M100%8%Aug 7, 2026 to Oct 2, 2026
Meera Rao
Director
12K$1.5M100%7%Apr 14, 2026 to Apr 24, 2026
John Shinn
SVP, General Counsel
10K$974K85%5%Mar 3, 2026 to May 22, 2026
Desmond Lynch
SVP, CFO
4.3K$434K100%2%Feb 23, 2026 to Feb 23, 2026
Steven Laub
Director
1.5K$188K0%0.9%May 7, 2026 to May 7, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$959K$0$0$959K
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$434K$434K$0$0
Mar 2026$4.8M$4.8M$0$0
Apr 2026$1.9M$1.9M$0$0
May 2026$8.1M$0$0$8.1M
Jun 2026$3.2M$0$0$3.2M
Jul 2026$0$0$0$0
Aug 2026$505K$505K$0$0
Sep 2026$525K$525K$0$0
Oct 2026$555K$555K$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 10 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
169K10$21.0M
Oct 16, 2025
1 year earlier
196K9$12.6M
Oct 16, 2024
2 years earlier
262K8$16.3M
Oct 17, 2023
3 years earlier
310K5$13.5M
Oct 17, 2022
4 years earlier
198K3$5.4M
Oct 17, 2021
5 years earlier
100K4$1.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty14 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Rambus Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology993 filings on record, 41 filed in the 12-month period, and how we read them

All 993 Forms 3, 4 and 5 on record for Rambus Inc (SEC CIK 917273), filed from Apr 23, 2003 to Oct 5, 2026; 41 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 1 older filing exists only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (41)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Karen RoggeApr 5, 202317,364 shares, last reported balance as of Apr 3, 2023
Sanjay SarafApr 4, 202250,241 shares, last reported balance as of Apr 1, 2022
James MitarotondaApr 4, 2022544,046 shares, last reported balance as of Apr 1, 2022
Keith JonesMar 3, 202254,719 shares, last reported balance as of Mar 1, 2022
Jae KimFeb 4, 2021129,279 shares, last reported balance as of Feb 3, 2021
Rahul MathurFeb 4, 2021242,447 shares, last reported balance as of Feb 3, 2021
Gregory LangAug 4, 2020No balance on record
Ellis FisherApr 2, 202055,833 shares, last reported balance as of Apr 1, 2020
David ShrigleyMay 2, 201997,924 shares, last reported balance as of May 1, 2019
David ShrigleyMay 2, 20194,300 shares, last reported balance as of May 1, 2019
Laura StarkFeb 12, 2018235,590 shares, last reported balance as of Feb 9, 2018
Ronald BlackFeb 5, 2018976,371 shares, last reported balance as of Feb 2, 2018
Thomas BentleyOct 4, 2017210,078 shares, last reported balance as of Oct 2, 2017
Penny HerscherOct 4, 201759,900 shares, last reported balance as of Oct 2, 2017
Martin PillingAug 8, 201628,000 shares, last reported balance as of Aug 5, 2016
Satish RishiAug 5, 2016165,432 shares, last reported balance as of Aug 5, 2016
Kevin DonnellyFeb 5, 201480,584 shares, last reported balance as of Feb 3, 2014
Martin ScottFeb 5, 2014128,653 shares, last reported balance as of Feb 3, 2014
Harold HughesApr 25, 2013432,114 shares, last reported balance as of Apr 25, 2013
Michael SchroederFeb 5, 201333,014 shares, last reported balance as of Feb 4, 2013
Thomas LavelleFeb 5, 201392,703 shares, last reported balance as of Feb 4, 2013
Abraham SofaerDec 31, 2012157,901 shares, last reported balance as of Dec 31, 2012
Mike FarmwaldOct 3, 20124,764,698 shares, last reported balance as of Oct 1, 2012
Sunlin ChouOct 3, 201290,608 shares, last reported balance as of Oct 1, 2012
Sharon HoltAug 30, 2012111,084 shares, last reported balance as of Aug 30, 2012
Christopher PickettAug 20, 20123,736 shares, last reported balance as of Aug 17, 2012
Mark HorowitzNov 2, 20111,690,407 shares, last reported balance as of Nov 1, 2011
Bruce DunlevieJun 14, 20111,255,028 shares, last reported balance as of Jun 10, 2011
Jeffery ParkerJan 4, 2010No balance on record
Kevin KennedyOct 3, 2007No balance on record
Samir PatelJan 4, 200762,798 shares, last reported balance as of Nov 22, 2006
Samir PatelJan 4, 200729,208 shares, last reported balance as of Nov 22, 2006
John DanforthJul 25, 200677,992 shares, last reported balance as of Jul 24, 2006
William DavidowMay 12, 2006648,102 shares, last reported balance as of May 12, 2006
David MooringMay 3, 2006760,622 shares, last reported balance as of May 1, 2006
Robert EulauMar 15, 200671,906 shares, last reported balance as of Mar 13, 2006
Mark PintoMar 13, 2006No balance on record
Geoffrey TateNov 3, 20052,672,456 shares, last reported balance as of Nov 3, 2005
Charles GeschkeOct 5, 2004No balance on record
Ronald MayApr 26, 2004No balance on record
Ed LarsenMar 1, 20043,852 shares, last reported balance as of Feb 26, 2004

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.