Form 4: Director Thomas Edman Sells 16,800 TTM Technologies Shares
Statement of Changes in Beneficial Ownership
Director Thomas T. Edman sold 16,800 shares of TTM Technologies common stock at $100.23 per share via a 10b5-1 plan.
Summary
- Director Thomas T. Edman executed a sale of 16,800 shares of TTM Technologies (TTMI) common stock.
- The transaction occurred on April 1, 2026, at a price of $100.23 per share.
- Following this transaction, the director retains beneficial ownership of 838,371 shares.
- The sale was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted through a pre-planned 10b5-1 arrangement, which is a routine method for executives to manage personal equity holdings.
Positives
- The sale was executed under a pre-established 10b5-1 plan, which typically indicates the transaction was planned in advance to avoid concerns regarding insider trading.
Negatives
- The sale represents a reduction in the director's direct equity stake in the company.
Risks
- Continued divestment by key insiders may be perceived negatively by the market, potentially impacting investor sentiment.
Future Outlook
No specific forward-looking guidance regarding company operations was provided in this filing.
Industry Context
StockSavvy.ai notes that insider selling via 10b5-1 plans is a standard corporate practice for liquidity and diversification, and does not necessarily reflect a change in management's outlook on the company's future performance.
Comparison to Industry Standards
- The use of 10b5-1 plans is a standard governance practice among S&P 500 and mid-cap technology companies to provide a legal safe harbor for insider transactions.
Stakeholder Impact
- Shareholders should note the reduction in insider ownership, though the use of a 10b5-1 plan mitigates concerns regarding potential non-public information usage.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Date of the reported stock sale transaction. |
| 04/02/2026 | Date the Form 4 was signed and filed. |
Keywords
TTM Technologies, TTMI, Insider Trading, Form 4, Director Sale, 10b5-1 Plan
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