Form 4: ONTO Innovation CEO Michael Plisinski Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
ONTO Innovation CEO Michael Plisinski executed multiple sales of common stock on March 20, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Michael Plisinski, CEO of ONTO Innovation Inc., sold shares of common stock on March 20, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 13, 2023.
- A total of 40,290 shares were sold in multiple transactions at varying prices.
- The prices ranged from $172.40 to $178.53 per share.
- Following the reported transactions, Plisinski directly owns 235,492 shares of ONTO Innovation Inc.
- The sales were conducted in multiple transactions at weighted average prices of $172.83, $173.96, $174.79, $176.00, $177.04 and $178.16.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 12/13/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/20/2024 | Date of stock sales |
| 03/22/2024 | Date of Form 4 filing |
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