Form 4: FormFactor CEO Mike Slessor Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
FormFactor CEO Mike Slessor sold a portion of his holdings in company stock on September 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 3, 2024, Mike Slessor, the CEO of FormFactor Inc., sold shares of the company's common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- A total of 2,812 shares were sold at a weighted average price of $45.9449, with prices ranging from $45.68 to $46.36.
- An additional 1,188 shares were sold at a weighted average price of $47.1719, with prices ranging from $46.69 to $47.40.
- Following these transactions, Slessor directly owns 534,276 shares of FormFactor common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive under a pre-arranged trading plan. It is neutral in sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on insider information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| November 20, 2023 | Date of adoption of the Rule 10b5-1 trading plan. |
| September 03, 2024 | Date of the stock sale transactions. |
| September 04, 2024 | Date of the Form 4 filing. |
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