Form 4: FormFactor CEO Mike Slessor Sells 4,000 Shares Under 10b5-1 Trading Plan

FormFactor CEO Mike Slessor sold 4,000 shares of common stock at an average price of $28.2443 on April 1, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 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 $28.2443, with individual prices ranging from $28.14 to $28.43.
• Following the transaction, Slessor directly owns 514,650 shares of FormFactor common stock.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

FormFactor, Mike Slessor, SEC Form 4, Stock Sale, Rule 10b5-1, Insider Trading