INTC$60.55▲ 1.0%Intel CEO's trust paid $95 in August. After a 28.6% one-day fall, it paid $64.73 for more
Lip-Bu Tan's family trust bought $9.7 million of Intel stock on Nov. 2, his Form 4 shows. Since he became chief executive, the trust had bought only in sales by Intel.
KeyVex News··5 min readFact-checked against 11 public recordsKeyVex News··5 min readFact-checked against 11 public recordsINTC$60.55▲ 1.0%Close, Nov. 3. Prices from Tiingo.Follow-upThis story follows our Oct. 30 report, Intel CEO's family trust paid $95; shares traded near $64. Adds Lip-Bu Tan's Nov. 2 purchase, filed Nov. 4: his trust's first purchase of Intel stock as CEO outside a sale by Intel, on the next trading day after the fall.
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- Since Tan became Intel's chief executive in March 2025, his trust had bought its stock twice, both in sales by Intel: $23.96 under his offer letter, and $95 in its August offering.
- On Nov. 2, the next trading day after Intel's worst day since 1974, as Yahoo Finance put it, the trust bought again: in multiple trades during the session, at about $64.73.
- It put in about $9.7 million, a little less than August's $10 million, and got 42.5% more shares. Intel closed that day 7.4% below the trust's price.
- His filing does not mark the purchase as part of a preset trading plan, and it does not say why the trust bought.
The purchase: Intel chief executive Lip-Bu Tan's family trust bought 150,000 Intel shares on Nov. 2, at an average of about $64.73, his Form 4 shows. That is the filing officers make when they trade their company's stock. It reports the purchase in multiple trades at prices from $64.705 to $64.735.Form 4 That day Intel opened at $65.40, traded as low as $59.395 and closed at $59.97.KeyVex It was the trust's first purchase of Intel stock since Tan became chief executive on March 18, 2025, that was not in a sale by Intel, his filings show.8-KEDGAR
The first two: His offer letter had him agree to buy $25 million of shares from Intel within 30 days of starting.8-K His trust bought about 1.04 million shares from Intel on March 21, 2025, at $23.96, the previous day's close.Form 4 In August, Intel's prospectus said Tan and a family member had agreed to buy $12 million of the stock it was selling at $95.Prospectus On Aug. 11, the trust bought 105,263 shares at $95.00, about $10 million. That Form 4 covers the trust's shares and does not name the sale; its date and price match it.Form 4 Before he was chief executive, Tan had also bought Intel shares as a director, in 2022 and 2023.Form 4Form 4
Why it matters: Until Nov. 2, the trust had bought only in sales by Intel: once from Intel under his offer letter, at the previous day's close, and once at the $95 public offering price.Form 4Prospectus Intel filed no new stock sale around Nov. 2.EDGAR That was the next trading day after Intel's stock fell 28.6%, KeyVex's prices show, its worst day since 1974, Yahoo Finance reported.KeyVexYahoo Finance About $9.7 million, a little less than the $10 million in August, bought 42.5% more shares.Form 4Form 4
Intel's stock and Lip-Bu Tan's three purchases as CEODaily close, March 3, 2025 to Nov. 3, 2026 ▲ 166.3%Show chartHide chart
- 1March 18, 2025 Lip-Bu Tan becomes chief executive. His offer letter has him agree to buy $25 million of shares from Intel within 30 days.
- 2March 21, 2025 The first purchase, from Intel. His family trust buys 1,043,406 shares from Intel at $23.96, the March 20 close.
- 3June 22, 2026 Intel's 2026 high close. $140.94.
- 4Aug. 11, 2026 The second purchase, in Intel's stock sale. The trust buys 105,263 shares at the $95.00 offering price, about $10 million.
- 5Oct. 30, 2026 The day after the forecast. Intel closes at $65.76, down 28.6%, its worst day since 1974, Yahoo Finance reported.
- 6Nov. 2, 2026 The third purchase, in the day's trading. The trust buys 150,000 shares in multiple trades at an average $64.73. Intel closes at $59.97.
View the data (422 trading days)
| Date | Close | Day change |
|---|---|---|
| 2026-11-03 | $60.55 | +1.0% |
| 2026-11-02 | $59.97 | −8.8% |
| 2026-10-30 | $65.76 | −28.6% |
| 2026-10-29 | $92.07 | −3.6% |
| 2026-10-28 | $95.53 | +1.9% |
| 2026-10-27 | $93.74 | +3.6% |
| 2026-10-26 | $90.47 | +4.0% |
| 2026-10-23 | $86.96 | +1.7% |
| 2026-10-22 | $85.49 | −8.0% |
| 2026-10-21 | $92.96 | +1.4% |
| 2026-10-20 | $91.69 | −0.4% |
| 2026-10-19 | $92.03 | +2.4% |
| 2026-10-16 | $89.85 | −5.8% |
| 2026-10-15 | $95.37 | −2.8% |
| 2026-10-14 | $98.12 | −4.6% |
| 2026-10-13 | $102.81 | +1.4% |
| 2026-10-12 | $101.35 | −3.2% |
| 2026-10-09 | $104.70 | −2.2% |
| 2026-10-08 | $107.08 | −5.3% |
| 2026-10-07 | $113.12 | +0.6% |
| 2026-10-06 | $112.50 | −3.2% |
| 2026-10-05 | $116.19 | −2.6% |
| 2026-10-02 | $119.33 | −0.6% |
| 2026-10-01 | $120.00 | −0.2% |
| 2026-09-30 | $120.23 | +3.7% |
| 2026-09-29 | $115.93 | −0.1% |
| 2026-09-28 | $116.03 | −5.7% |
| 2026-09-25 | $123.00 | −3.4% |
| 2026-09-24 | $127.39 | +3.9% |
| 2026-09-23 | $122.60 | −1.0% |
| 2026-09-22 | $123.86 | +1.7% |
| 2026-09-21 | $121.78 | +12.1% |
| 2026-09-18 | $108.60 | −0.2% |
| 2026-09-17 | $108.80 | +7.7% |
| 2026-09-16 | $101.05 | +4.0% |
| 2026-09-15 | $97.14 | −0.1% |
| 2026-09-14 | $97.19 | −5.6% |
| 2026-09-11 | $102.94 | +2.6% |
| 2026-09-10 | $100.32 | −5.6% |
| 2026-09-09 | $106.24 | +1.7% |
| 2026-09-08 | $104.47 | +9.1% |
| 2026-09-04 | $95.80 | +4.5% |
| 2026-09-03 | $91.67 | +1.8% |
| 2026-09-02 | $90.05 | +1.2% |
| 2026-09-01 | $88.97 | −0.6% |
| 2026-08-31 | $89.51 | 0.0% |
| 2026-08-28 | $89.47 | −2.8% |
| 2026-08-27 | $92.09 | +4.4% |
| 2026-08-26 | $88.24 | +0.9% |
| 2026-08-25 | $87.48 | +0.3% |
| 2026-08-24 | $87.26 | −3.1% |
| 2026-08-21 | $90.07 | −2.2% |
| 2026-08-20 | $92.13 | −0.7% |
| 2026-08-19 | $92.80 | −4.0% |
| 2026-08-18 | $96.69 | −6.6% |
| 2026-08-17 | $103.49 | +1.0% |
| 2026-08-14 | $102.50 | −2.0% |
| 2026-08-13 | $104.56 | +3.6% |
| 2026-08-12 | $100.95 | +3.3% |
| 2026-08-11 | $97.71 | +0.2% |
| 2026-08-10 | $97.52 | −4.1% |
| 2026-08-07 | $101.65 | +1.8% |
| 2026-08-06 | $99.81 | −1.2% |
| 2026-08-05 | $101.06 | +0.2% |
| 2026-08-04 | $100.86 | +10.8% |
| 2026-08-03 | $91.00 | +0.9% |
| 2026-07-31 | $90.20 | −1.0% |
| 2026-07-30 | $91.13 | +11.3% |
| 2026-07-29 | $81.88 | −5.1% |
| 2026-07-28 | $86.30 | −5.9% |
| 2026-07-27 | $91.67 | −0.7% |
| 2026-07-24 | $92.32 | −7.9% |
| 2026-07-23 | $100.23 | −2.3% |
| 2026-07-22 | $102.62 | −2.7% |
| 2026-07-21 | $105.45 | +8.6% |
| 2026-07-20 | $97.06 | +2.1% |
| 2026-07-17 | $95.04 | −2.0% |
| 2026-07-16 | $96.98 | −5.8% |
| 2026-07-15 | $102.99 | −4.4% |
| 2026-07-14 | $107.76 | +4.5% |
| 2026-07-13 | $103.12 | −6.1% |
| 2026-07-10 | $109.84 | −2.4% |
| 2026-07-09 | $112.54 | +2.1% |
| 2026-07-08 | $110.24 | −0.1% |
| 2026-07-07 | $110.39 | −9.7% |
| 2026-07-06 | $122.20 | +1.5% |
| 2026-07-02 | $120.35 | −5.3% |
| 2026-07-01 | $127.02 | −9.0% |
| 2026-06-30 | $139.63 | +6.0% |
| 2026-06-29 | $131.72 | +2.6% |
| 2026-06-26 | $128.32 | −3.4% |
| 2026-06-25 | $132.87 | +0.9% |
| 2026-06-24 | $131.65 | −0.5% |
| 2026-06-23 | $132.28 | −6.1% |
| 2026-06-22 | $140.94 | +5.2% |
| 2026-06-18 | $133.99 | +10.6% |
| 2026-06-17 | $121.10 | +3.5% |
| 2026-06-16 | $117.05 | −8.5% |
| 2026-06-15 | $127.86 | +2.6% |
| 2026-06-12 | $124.57 | +6.5% |
| 2026-06-11 | $116.96 | +9.3% |
| 2026-06-10 | $107.04 | −0.8% |
| 2026-06-09 | $107.92 | −2.1% |
| 2026-06-08 | $110.27 | +11.2% |
| 2026-06-05 | $99.17 | −11.3% |
| 2026-06-04 | $111.78 | −0.8% |
| 2026-06-03 | $112.71 | +4.4% |
| 2026-06-02 | $107.93 | −1.3% |
| 2026-06-01 | $109.33 | −4.7% |
| 2026-05-29 | $114.68 | −5.1% |
| 2026-05-28 | $120.89 | −0.7% |
| 2026-05-27 | $121.77 | −1.4% |
| 2026-05-26 | $123.52 | +3.1% |
| 2026-05-22 | $119.84 | +1.1% |
| 2026-05-21 | $118.50 | −0.4% |
| 2026-05-20 | $118.96 | +7.4% |
| 2026-05-19 | $110.80 | +2.4% |
| 2026-05-18 | $108.17 | −0.6% |
| 2026-05-15 | $108.77 | −6.2% |
| 2026-05-14 | $115.93 | −3.6% |
| 2026-05-13 | $120.29 | −0.3% |
| 2026-05-12 | $120.61 | −6.8% |
| 2026-05-11 | $129.44 | +3.6% |
| 2026-05-08 | $124.92 | +14.0% |
| 2026-05-07 | $109.62 | −3.0% |
| 2026-05-06 | $113.01 | +4.5% |
| 2026-05-05 | $108.15 | +12.9% |
| 2026-05-04 | $95.78 | −3.9% |
| 2026-05-01 | $99.62 | +5.4% |
| 2026-04-30 | $94.48 | −0.3% |
| 2026-04-29 | $94.75 | +12.1% |
| 2026-04-28 | $84.52 | −0.6% |
| 2026-04-27 | $84.99 | +3.0% |
| 2026-04-24 | $82.54 | +23.6% |
| 2026-04-23 | $66.78 | +2.3% |
| 2026-04-22 | $65.27 | −1.5% |
| 2026-04-21 | $66.26 | +0.9% |
| 2026-04-20 | $65.70 | −4.1% |
| 2026-04-17 | $68.50 | 0.0% |
| 2026-04-16 | $68.50 | +5.5% |
| 2026-04-15 | $64.94 | +1.8% |
| 2026-04-14 | $63.81 | −2.1% |
| 2026-04-13 | $65.18 | +4.5% |
| 2026-04-10 | $62.38 | +1.1% |
| 2026-04-09 | $61.72 | +4.7% |
| 2026-04-08 | $58.95 | +11.4% |
| 2026-04-07 | $52.91 | +4.2% |
| 2026-04-06 | $50.78 | +0.8% |
| 2026-04-02 | $50.38 | +4.9% |
| 2026-04-01 | $48.03 | +8.8% |
| 2026-03-31 | $44.13 | +7.1% |
| 2026-03-30 | $41.19 | −4.5% |
| 2026-03-27 | $43.13 | −2.2% |
| 2026-03-26 | $44.10 | −6.5% |
| 2026-03-25 | $47.18 | +7.1% |
| 2026-03-24 | $44.06 | +0.1% |
| 2026-03-23 | $44.01 | +0.3% |
| 2026-03-20 | $43.87 | −5.0% |
| 2026-03-19 | $46.18 | +2.6% |
| 2026-03-18 | $45.03 | +2.2% |
| 2026-03-17 | $44.06 | −3.7% |
| 2026-03-16 | $45.76 | 0.0% |
| 2026-03-13 | $45.77 | +1.1% |
| 2026-03-12 | $45.25 | −5.7% |
| 2026-03-11 | $47.98 | +2.6% |
| 2026-03-10 | $46.78 | +2.6% |
| 2026-03-09 | $45.58 | +5.0% |
| 2026-03-06 | $43.42 | −5.5% |
| 2026-03-05 | $45.95 | +0.8% |
| 2026-03-04 | $45.58 | +5.8% |
| 2026-03-03 | $43.10 | −5.3% |
| 2026-03-02 | $45.50 | −0.2% |
| 2026-02-27 | $45.61 | +0.3% |
| 2026-02-26 | $45.46 | −3.0% |
| 2026-02-25 | $46.88 | +1.6% |
| 2026-02-24 | $46.12 | +5.7% |
| 2026-02-23 | $43.63 | −1.1% |
| 2026-02-20 | $44.11 | −1.1% |
| 2026-02-19 | $44.62 | −1.8% |
| 2026-02-18 | $45.46 | −1.6% |
| 2026-02-17 | $46.18 | −1.3% |
| 2026-02-13 | $46.79 | +0.7% |
| 2026-02-12 | $46.48 | −3.7% |
| 2026-02-11 | $48.29 | +2.5% |
| 2026-02-10 | $47.13 | −6.2% |
| 2026-02-09 | $50.24 | −0.7% |
| 2026-02-06 | $50.59 | +4.9% |
| 2026-02-05 | $48.24 | −0.7% |
| 2026-02-04 | $48.60 | −1.3% |
| 2026-02-03 | $49.25 | +0.9% |
| 2026-02-02 | $48.81 | +5.0% |
| 2026-01-30 | $46.47 | −4.5% |
| 2026-01-29 | $48.66 | −0.2% |
| 2026-01-28 | $48.78 | +11.0% |
| 2026-01-27 | $43.93 | +3.4% |
| 2026-01-26 | $42.49 | −5.7% |
| 2026-01-23 | $45.07 | −17.0% |
| 2026-01-22 | $54.32 | +0.1% |
| 2026-01-21 | $54.25 | +11.7% |
| 2026-01-20 | $48.56 | +3.4% |
| 2026-01-16 | $46.96 | −2.8% |
| 2026-01-15 | $48.32 | −0.8% |
| 2026-01-14 | $48.72 | +3.0% |
| 2026-01-13 | $47.29 | +7.3% |
| 2026-01-12 | $44.06 | −3.3% |
| 2026-01-09 | $45.55 | +10.8% |
| 2026-01-08 | $41.11 | −3.6% |
| 2026-01-07 | $42.63 | +6.5% |
| 2026-01-06 | $40.04 | +1.7% |
| 2026-01-05 | $39.37 | 0.0% |
| 2026-01-02 | $39.38 | +6.7% |
| 2025-12-31 | $36.90 | −1.1% |
| 2025-12-30 | $37.30 | +1.7% |
| 2025-12-29 | $36.68 | +1.3% |
| 2025-12-26 | $36.20 | +0.1% |
| 2025-12-24 | $36.16 | −0.5% |
| 2025-12-23 | $36.35 | −0.1% |
| 2025-12-22 | $36.37 | −1.2% |
| 2025-12-19 | $36.82 | +1.5% |
| 2025-12-18 | $36.28 | +0.6% |
| 2025-12-17 | $36.05 | −3.4% |
| 2025-12-16 | $37.31 | −0.5% |
| 2025-12-15 | $37.51 | −0.8% |
| 2025-12-12 | $37.81 | −4.3% |
| 2025-12-11 | $39.51 | −3.1% |
| 2025-12-10 | $40.78 | +0.7% |
| 2025-12-09 | $40.50 | +0.5% |
| 2025-12-08 | $40.30 | −2.7% |
| 2025-12-05 | $41.41 | +2.2% |
| 2025-12-04 | $40.50 | −7.4% |
| 2025-12-03 | $43.76 | +0.7% |
| 2025-12-02 | $43.47 | +8.6% |
| 2025-12-01 | $40.01 | −1.4% |
| 2025-11-28 | $40.56 | +10.2% |
| 2025-11-26 | $36.81 | +2.7% |
| 2025-11-25 | $35.83 | +0.1% |
| 2025-11-24 | $35.79 | +3.7% |
| 2025-11-21 | $34.50 | +2.6% |
| 2025-11-20 | $33.62 | −4.2% |
| 2025-11-19 | $35.11 | +2.3% |
| 2025-11-18 | $34.33 | −1.1% |
| 2025-11-17 | $34.71 | −2.3% |
| 2025-11-14 | $35.52 | −1.1% |
| 2025-11-13 | $35.91 | −5.2% |
| 2025-11-12 | $37.89 | 0.0% |
| 2025-11-11 | $37.88 | −1.5% |
| 2025-11-10 | $38.45 | +0.8% |
| 2025-11-07 | $38.13 | +2.4% |
| 2025-11-06 | $37.24 | −3.0% |
| 2025-11-05 | $38.38 | +3.6% |
| 2025-11-04 | $37.03 | −6.3% |
| 2025-11-03 | $39.50 | −1.2% |
| 2025-10-31 | $39.99 | −0.4% |
| 2025-10-30 | $40.16 | −2.9% |
| 2025-10-29 | $41.34 | −0.5% |
| 2025-10-28 | $41.53 | +5.0% |
| 2025-10-27 | $39.54 | +3.3% |
| 2025-10-24 | $38.28 | +0.3% |
| 2025-10-23 | $38.16 | +3.4% |
| 2025-10-22 | $36.92 | −3.1% |
| 2025-10-21 | $38.12 | +0.1% |
| 2025-10-20 | $38.10 | +2.9% |
| 2025-10-17 | $37.01 | +0.5% |
| 2025-10-16 | $36.84 | −0.8% |
| 2025-10-15 | $37.15 | +4.3% |
| 2025-10-14 | $35.63 | −4.3% |
| 2025-10-13 | $37.22 | +2.3% |
| 2025-10-10 | $36.37 | −3.8% |
| 2025-10-09 | $37.80 | +1.0% |
| 2025-10-08 | $37.43 | +0.7% |
| 2025-10-07 | $37.17 | +1.6% |
| 2025-10-06 | $36.59 | −0.7% |
| 2025-10-03 | $36.83 | −1.3% |
| 2025-10-02 | $37.30 | +3.8% |
| 2025-10-01 | $35.94 | +7.1% |
| 2025-09-30 | $33.55 | −2.7% |
| 2025-09-29 | $34.48 | −2.9% |
| 2025-09-26 | $35.50 | +4.4% |
| 2025-09-25 | $33.99 | +8.9% |
| 2025-09-24 | $31.22 | +6.4% |
| 2025-09-23 | $29.34 | +2.0% |
| 2025-09-22 | $28.76 | −2.8% |
| 2025-09-19 | $29.58 | −3.2% |
| 2025-09-18 | $30.57 | +22.8% |
| 2025-09-17 | $24.90 | −1.5% |
| 2025-09-16 | $25.27 | +2.0% |
| 2025-09-15 | $24.77 | +2.9% |
| 2025-09-12 | $24.08 | −2.2% |
| 2025-09-11 | $24.61 | −0.6% |
| 2025-09-10 | $24.77 | +1.4% |
| 2025-09-09 | $24.44 | −0.2% |
| 2025-09-08 | $24.48 | 0.0% |
| 2025-09-05 | $24.49 | −0.5% |
| 2025-09-04 | $24.61 | +2.5% |
| 2025-09-03 | $24.00 | −0.9% |
| 2025-09-02 | $24.21 | −0.6% |
| 2025-08-29 | $24.35 | −2.3% |
| 2025-08-28 | $24.93 | +0.3% |
| 2025-08-27 | $24.85 | +2.1% |
| 2025-08-26 | $24.35 | −0.8% |
| 2025-08-25 | $24.55 | −1.0% |
| 2025-08-22 | $24.80 | +5.5% |
| 2025-08-21 | $23.50 | −0.2% |
| 2025-08-20 | $23.54 | −7.0% |
| 2025-08-19 | $25.31 | +7.0% |
| 2025-08-18 | $23.66 | −3.7% |
| 2025-08-15 | $24.56 | +2.9% |
| 2025-08-14 | $23.86 | +7.4% |
| 2025-08-13 | $22.22 | +1.9% |
| 2025-08-12 | $21.81 | +5.6% |
| 2025-08-11 | $20.65 | +3.5% |
| 2025-08-08 | $19.95 | +0.9% |
| 2025-08-07 | $19.77 | −3.1% |
| 2025-08-06 | $20.41 | +1.1% |
| 2025-08-05 | $20.19 | +3.5% |
| 2025-08-04 | $19.50 | +1.0% |
| 2025-08-01 | $19.31 | −2.5% |
| 2025-07-31 | $19.80 | −2.7% |
| 2025-07-30 | $20.34 | −0.3% |
| 2025-07-29 | $20.41 | −1.3% |
| 2025-07-28 | $20.68 | −0.1% |
| 2025-07-25 | $20.70 | −8.5% |
| 2025-07-24 | $22.63 | −3.7% |
| 2025-07-23 | $23.49 | +1.1% |
| 2025-07-22 | $23.24 | −0.1% |
| 2025-07-21 | $23.26 | +0.7% |
| 2025-07-18 | $23.10 | +1.3% |
| 2025-07-17 | $22.80 | +0.5% |
| 2025-07-16 | $22.69 | −1.0% |
| 2025-07-15 | $22.92 | −1.6% |
| 2025-07-14 | $23.30 | −0.6% |
| 2025-07-11 | $23.43 | −1.6% |
| 2025-07-10 | $23.82 | +1.6% |
| 2025-07-09 | $23.44 | −0.6% |
| 2025-07-08 | $23.59 | +7.2% |
| 2025-07-07 | $22.00 | −2.2% |
| 2025-07-03 | $22.49 | +2.8% |
| 2025-07-02 | $21.88 | −4.2% |
| 2025-07-01 | $22.85 | +2.0% |
| 2025-06-30 | $22.40 | −1.3% |
| 2025-06-27 | $22.69 | +0.8% |
| 2025-06-26 | $22.50 | +1.4% |
| 2025-06-25 | $22.20 | −1.6% |
| 2025-06-24 | $22.55 | +6.4% |
| 2025-06-23 | $21.19 | +0.5% |
| 2025-06-20 | $21.08 | −1.9% |
| 2025-06-18 | $21.49 | +3.3% |
| 2025-06-17 | $20.80 | +0.3% |
| 2025-06-16 | $20.74 | +3.0% |
| 2025-06-13 | $20.14 | −3.0% |
| 2025-06-12 | $20.77 | +0.4% |
| 2025-06-11 | $20.68 | −6.3% |
| 2025-06-10 | $22.08 | +7.8% |
| 2025-06-09 | $20.48 | +2.1% |
| 2025-06-06 | $20.06 | +0.4% |
| 2025-06-05 | $19.99 | −1.3% |
| 2025-06-04 | $20.25 | −0.2% |
| 2025-06-03 | $20.29 | +2.8% |
| 2025-06-02 | $19.74 | +1.0% |
| 2025-05-30 | $19.55 | −3.5% |
| 2025-05-29 | $20.25 | −0.6% |
| 2025-05-28 | $20.37 | −0.9% |
| 2025-05-27 | $20.55 | +2.5% |
| 2025-05-23 | $20.05 | −2.4% |
| 2025-05-22 | $20.55 | −0.7% |
| 2025-05-21 | $20.69 | −2.7% |
| 2025-05-20 | $21.27 | −0.5% |
| 2025-05-19 | $21.38 | −1.3% |
| 2025-05-16 | $21.66 | +0.5% |
| 2025-05-15 | $21.55 | +0.1% |
| 2025-05-14 | $21.52 | −4.6% |
| 2025-05-13 | $22.56 | +1.7% |
| 2025-05-12 | $22.18 | +3.5% |
| 2025-05-09 | $21.42 | +2.0% |
| 2025-05-08 | $21.00 | +3.4% |
| 2025-05-07 | $20.31 | +1.9% |
| 2025-05-06 | $19.94 | −1.6% |
| 2025-05-05 | $20.27 | −1.7% |
| 2025-05-02 | $20.62 | +3.2% |
| 2025-05-01 | $19.98 | −0.6% |
| 2025-04-30 | $20.10 | −1.2% |
| 2025-04-29 | $20.34 | −0.8% |
| 2025-04-28 | $20.51 | +2.3% |
| 2025-04-25 | $20.05 | −6.7% |
| 2025-04-24 | $21.49 | +4.4% |
| 2025-04-23 | $20.59 | +5.5% |
| 2025-04-22 | $19.51 | +3.6% |
| 2025-04-21 | $18.84 | −0.5% |
| 2025-04-17 | $18.93 | −1.6% |
| 2025-04-16 | $19.23 | −3.1% |
| 2025-04-15 | $19.85 | −2.3% |
| 2025-04-14 | $20.31 | +2.9% |
| 2025-04-11 | $19.74 | −0.7% |
| 2025-04-10 | $19.88 | −7.7% |
| 2025-04-09 | $21.53 | +18.8% |
| 2025-04-08 | $18.13 | −7.4% |
| 2025-04-07 | $19.57 | −1.4% |
| 2025-04-04 | $19.85 | −11.5% |
| 2025-04-03 | $22.43 | +2.0% |
| 2025-04-02 | $21.98 | −0.3% |
| 2025-04-01 | $22.05 | −2.9% |
| 2025-03-31 | $22.71 | 0.0% |
| 2025-03-28 | $22.71 | −3.9% |
| 2025-03-27 | $23.62 | +0.9% |
| 2025-03-26 | $23.42 | −3.2% |
| 2025-03-25 | $24.20 | −0.1% |
| 2025-03-24 | $24.22 | −0.2% |
| 2025-03-21 | $24.26 | +1.3% |
| 2025-03-20 | $23.96 | −0.7% |
| 2025-03-19 | $24.12 | −6.9% |
| 2025-03-18 | $25.92 | +0.9% |
| 2025-03-17 | $25.69 | +6.8% |
| 2025-03-14 | $24.05 | +1.5% |
| 2025-03-13 | $23.70 | +14.6% |
| 2025-03-12 | $20.68 | +4.6% |
| 2025-03-11 | $19.78 | −0.8% |
| 2025-03-10 | $19.93 | −3.4% |
| 2025-03-07 | $20.64 | −0.5% |
| 2025-03-06 | $20.75 | −0.3% |
| 2025-03-05 | $20.81 | −2.4% |
| 2025-03-04 | $21.33 | −6.2% |
| 2025-03-03 | $22.74 |
Intel's 2026 high close was $140.94 on June 22. Source: Tiingo end-of-day closes, as traded, via KeyVex; purchases from Tan's Form 4s.
What came before the purchase
After the market closed on Oct. 29, Intel forecast fourth-quarter revenue of $15.0 billion to $16.0 billion. That is below the $16.5 billion it made in the third quarter.Q3 release The next day, Intel closed at $65.76, down from $92.07.KeyVex Third-quarter earnings topped analysts' estimates, Yahoo Finance reported.Yahoo Finance KeyVex reported that day that Tan's trust had paid $95 a share in August.
Bernstein analyst Stacy Rasgon called the outlook "(in a word) terrible," Yahoo Finance reported.Yahoo Finance Bank of America analyst Vivek Arya cut his rating on the stock to neutral from buy, Stocktwits reported. He said Intel "has not communicated enough traction with external foundry customers," the outlet said.Stocktwits Tan said on the earnings call that rebuilding Intel "is going to be a multiyear journey, and I remain firmly committed to making it happen," Yahoo Finance reported.Yahoo Finance
What the filings show, and what they don't
The Nov. 2 Form 4 does not check the box for a Rule 10b5-1 trading plan, the kind of preset plan that buys or sells on a schedule.Form 4 It gives no reason for the purchase. Neither of the trust's two earlier purchases as CEO was marked as part of a plan either.Form 4Form 4 Apart from his three purchases, his Intel filings since March 2025 report his starting holdings and grants of stock awards.EDGAR
View the data
| Purchase | Price a share | Note |
|---|---|---|
| March 21, 2025 (From Intel, at the prior day's close) | $23.96 | 1,043,406 shares, about $25.0 million |
| Aug. 11, 2026 (In Intel's stock sale) | $95.00 | 105,263 shares, about $10.0 million |
| Nov. 2, 2026 (In multiple trades, not in a sale by Intel) | $64.73 | 150,000 shares, about $9.7 million (weighted average price) |
| Nov. 3 close (For comparison) | $60.55 | Close as traded |
The Nov. 2 price is the weighted average of trades from $64.705 to $64.735. Sources: Tan's Form 4s of March 25, 2025, Aug. 14, 2026 and Nov. 4, 2026; Tiingo closes via KeyVex.
With the purchase, the trust held 1,464,669 Intel shares, the filing shows.Form 4 Intel's last close before the filing, on Nov. 3, was $60.55, below the $64.73 the trust paid.KeyVex
What to watch
Intel's forecast is revenue of $15.0 billion to $16.0 billion, below the third quarter's $16.5 billion.
Half of the performance stock units Intel granted Tan as a new hire are due to vest. How many shares they pay depends on Intel's stock price, and vesting requires that he still hold the $25 million of shares he bought, Intel's 8-K says.
The paper trail
Intel's and Tan's filings behind this story, March 2025 through Nov. 4, 2026, with the time EDGAR accepted each one.
| Filed (ET) | Form | Filer | What it shows |
|---|---|---|---|
| March 14, 2025, 5:00 p.m. | 8-K | Intel | Tan's offer letter: a $25 million purchase of shares from Intel within 30 days of starting. |
| March 25, 2025, 4:30 p.m. | Form 4 | Lip-Bu Tan | 1,043,406 shares from Intel at $23.96 on March 21, by family trust. |
| Aug. 11, 2026, 6:30 p.m. | 424B5 | Intel | Prospectus: Tan and a family member agreed to buy $12 million of the offering. |
| Aug. 12, 2026, 4:05 p.m. | 8-K | Intel | The stock sale at $95.00 a share. |
| Aug. 14, 2026, 4:27 p.m. | Form 4 | Lip-Bu Tan | 105,263 shares at $95.00 on Aug. 11, by family trust. |
| Oct. 29, 2026, 4:08 p.m. | 8-K | Intel | Third-quarter results; fourth-quarter revenue forecast of $15.0 billion to $16.0 billion. |
| Nov. 4, 2026, 12:19 p.m. | Form 4 | Lip-Bu Tan | 150,000 shares at an average $64.7312 on Nov. 2, by family trust. No trading plan indicated. |
Related coverage
Sources
15 sources, 11 of them public records
Public records
- Lip-Bu Tan, Form 4 for Intel Corp. (purchase of Nov. 2, 2026)SEC EDGAR · Nov. 4, 2026
- Lip-Bu Tan, Form 4 for Intel Corp. (purchase of Aug. 11, 2026)SEC EDGAR · Aug. 14, 2026
- Lip-Bu Tan, Form 4 for Intel Corp. (purchase of March 21, 2025)SEC EDGAR · March 25, 2025
- Intel Corp., Form 8-K, Item 5.02: appointment of Lip-Bu Tan and his offer letterSEC EDGAR · March 14, 2025
- Intel Corp., prospectus supplement (424B5) for the August 2026 stock saleSEC EDGAR · Aug. 11, 2026 (accepted; filed Aug. 12)
- Intel Corp., Form 8-K, Item 8.01: the August 2026 stock saleSEC EDGAR · Aug. 12, 2026
- Intel Corp., Form 8-K, Exhibit 99.1: third-quarter 2026 resultsSEC EDGAR · Oct. 29, 2026
- Lip-Bu Tan, Form 4 for Intel Corp. (purchase of Nov. 16, 2022, as a director)SEC EDGAR · Nov. 18, 2022
- Lip-Bu Tan, Form 4 for Intel Corp. (purchases of Nov. 9, 2023, as a director)SEC EDGAR · Nov. 14, 2023
- Lip-Bu Tan's ownership filings (Forms 3 and 4), all issuersSEC EDGAR · through Nov. 4, 2026
- Intel Corp.'s filings on EDGAR (no offering of new shares after Aug. 12, 2026)SEC EDGAR · through Nov. 4, 2026
Reporting
- "Intel stock plunges nearly 29%, its worst day since 1974"Yahoo Finance · Nov. 2, 2026
- INTC stock heads for worst day in over 2 years: analyst price cuts and downgradesStocktwits · Oct. 30, 2026
Data
- End-of-day prices for INTC, and SPY and QQQ on the chart (Tiingo)KeyVex · through Nov. 3, 2026
- The chart's Filings layer: KeyVex's Congress trade, insider trade, Form 144, 8-K and lobbying records for INTCKeyVex · through Nov. 3, 2026
How we got these numbers
- Yahoo Finance reported that Oct. 30 was Intel's worst day since July 5, 1974, when it fell nearly 30%, by its own calculations. Prices are end-of-day closes as traded, not adjusted for dividends, through the Nov. 3, 2026 close, the last in KeyVex when this story was written. Daily moves are close to close. The Oct. 30 fall, 28.6% from $92.07 to $65.76, is compared with every daily close-to-close move in KeyVex's Intel closes since March 17, 1980; the next largest was 26.1%, on Aug. 2, 2024. The Nasdaq 100 and S&P 500 lines follow QQQ and SPY, rebased to Intel's close at the start of the range shown. The Filings switch shows a selection of filing markers from KeyVex's Intel stock page, not every filing and not only those tied to this story.
- Purchase amounts are shares times the price on each Form 4: 150,000 x $64.7312 = $9,709,680 on Nov. 2, 2026; 105,263 x $95.00 = $9,999,985 on Aug. 11, 2026; 1,043,406 x $23.96 = $25,000,008 on March 21, 2025. 42.5% more shares is 150,000 against 105,263.
- "The first not in a sale by Intel" comes from every ownership filing Tan has made on EDGAR since March 18, 2025: his Intel filings in that time are the Form 3 and grant Form 4 of March 20, 2025, the March 25, 2025 purchase from Intel, a grant Form 4 of March 3, 2026, and the Form 4s of Aug. 14 and Nov. 4, 2026. His other filings in that time are for Credo Technology Group, where he is a director. The August purchase matches the prospectus commitment and the $95.00 offering price; the Form 4 itself has no footnote about it. The Nov. 2 Form 4 reports the purchase in multiple trades at prices inside that day's range; Form 4's purchase code covers open-market and private purchases, and the filing does not say which. Intel filed no offering of new shares after its Aug. 12 8-K through Nov. 4.