Form 4: FormFactor Director Kelley Steven-Waiss Reports Sale of Common Stock

Director Kelley Steven-Waiss sold 4,800 shares of FormFactor Inc. common stock on May 6, 2024, at a weighted average price of $54.2364 per share.

Summary

• On May 6, 2024, Kelley Steven-Waiss, a director of FormFactor Inc., sold 4,800 shares of common stock.
• The sale was executed at a weighted average price of $54.2364 per share, with individual prices ranging from $54.2201 to $54.32.
• Following the transaction, Steven-Waiss directly owns 32,593 shares of FormFactor Inc.
• A correction was made to reflect an underreporting of 10 shares acquired in a 2022 filing due to an administrative error.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director. It doesn't contain any information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the semiconductor industry. It provides transparency to investors regarding the actions of company leadership.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies, including those in the semiconductor industry like FormFactor.
• Comparable companies such as Applied Materials or Lam Research also have similar filings when their executives or directors trade company stock.
• The reported transaction is relatively small in scale and doesn't necessarily indicate a significant shift in the director's confidence in the company.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares involved.
• The correction of a previous filing ensures transparency and accuracy for shareholders.

Key Dates