Form 4: FormFactor CEO Mike Slessor Sells 4,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
FormFactor's CEO, Mike Slessor, sold 4,000 shares of common stock at an average price of $33.05 on March 3, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 3, 2025, Mike Slessor, the CEO of FormFactor Inc., sold 4,000 shares of the company's common stock.
- The sale was executed automatically under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- The shares were sold at a weighted average price of $33.05, with individual prices ranging from $32.769 to $33.53.
- Following the transaction, Slessor directly owns 518,650 shares of FormFactor stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive stock sale under a pre-arranged trading plan, so it is neutral in sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of acting on non-public information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date of adoption of the Rule 10b5-1 trading plan. |
| 2025-03-03 | Date of the stock sale transaction. |
| 2025-03-04 | Date of signature on the Form 4 filing. |
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