MIKE SLESSOR - 01 Aug 2024 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CEO, Director
Signature
/s/ Stan Finkelstein, Attorney-in-fact for Mike Slessor
Issuer symbol
FORM
Transactions as of
01 Aug 2024
Net transactions value
-$888,723
Form type
4
Filing time
05 Aug 2024, 19:53:09 UTC
Previous filing
25 Jul 2024
Next filing
09 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Sale $50,445 -1,038 -0.2% $48.60 526,149 01 Aug 2024 Direct F1, F2
transaction FORM Common Stock Sale $69,844 -1,389 -0.26% $50.28 524,760 01 Aug 2024 Direct F1, F3
transaction FORM Common Stock Sale $24,157 -471 -0.09% $51.29 524,289 01 Aug 2024 Direct F1, F4
transaction FORM Common Stock Sale $421 -8 -0% $52.62 524,281 01 Aug 2024 Direct F1
transaction FORM Common Stock Sale $58,861 -1,094 -0.21% $53.80 523,187 01 Aug 2024 Direct F1, F5
transaction FORM Common Stock Options Exercise $0 +14,427 +2.8% $0.000000 537,614 01 Aug 2024 Direct F6
transaction FORM Common Stock Tax liability $378,000 -8,000 -1.5% $47.25 529,614 01 Aug 2024 Direct F7
transaction FORM Common Stock Options Exercise $0 +13,536 +2.6% $0.000000 543,150 02 Aug 2024 Direct F8
transaction FORM Common Stock Tax liability $306,995 -7,506 -1.4% $40.90 535,644 02 Aug 2024 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FORM Restricted Stock Units Options Exercise $0 -14,427 -50% $0.000000 14,426 01 Aug 2024 Common Stock 14,427 $0.000000 Direct F6, F9
transaction FORM Restricted Stock Units Options Exercise $0 -13,536 -100% $0.000000* 0 02 Aug 2024 Common Stock 13,536 $0.000000 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2023.
F2 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $48.23 through $48.95. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $50.11 through $50.74. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $51.13 through $51.61. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $53.625 through $54.46. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6 The Restricted Stock Units vest in three annual installments on each August 1 of 2023, 2024 and 2025 and will be settled into shares of common stocks on or following the vesting dates.
F7 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F8 The Restricted Stock Units vest in three annual installments on each August 2 of 2022, 2023 and 2024 and will be settled into shares of common stocks on or following the vesting dates.
F9 If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.