Form 4: ONTO Innovation SVP Srinivas Vedula Reports Stock Sale

Srinivas Vedula, SVP of Customer Success at ONTO Innovation Inc., reported selling 1,486 shares of common stock on June 10, 2024, at a price of $213.4 per share.

Summary

• Srinivas Vedula, SVP of Customer Success at ONTO Innovation Inc., filed a Form 4.
• The form reports the sale of 1,486 shares of ONTO common stock on June 10, 2024.
• The sale price was $213.4 per share.
• Following the transaction, Vedula directly owns 17,433 shares of ONTO Innovation Inc.
• The stock sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 11, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Key Dates