Form 4: TTM Technologies EVP Sells 20,000 Shares

TTM Technologies' EVP, A&D Sector President, Catherine A. Gridley, sold 20,000 shares of common stock for approximately $44.31 per share.

Summary

• Catherine A. Gridley, Executive Vice President and A&D Sector President of TTM Technologies Inc. (TTMI), reported the sale of 20,000 shares of common stock.
• The transaction occurred on August 27, 2025, and was executed under a Rule 10b5-1(c) pre-planned trading arrangement.
• The shares were sold at a weighted average price of $44.3131 per share, with individual transaction prices ranging from $44.13 to $44.48.
• Following this transaction, Ms. Gridley beneficially owns 81,986 shares of TTM Technologies common stock directly.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to an executive selling a significant number of shares. However, the pre-planned nature (Rule 10b5-1) mitigates some of the immediate concern, preventing a lower score.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than an immediate reaction to new, undisclosed information, which can mitigate concerns about insider confidence.

Negatives

• A key executive reduced their direct ownership in the company by selling 20,000 shares, which can sometimes be perceived negatively by the market as a signal of reduced insider confidence or a desire for diversification.

Risks

• Investor perception of insider selling, even if pre-planned, could lead to short-term negative sentiment or increased scrutiny of the company's future prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry trends or competitive analysis. It reflects a specific executive's personal stock management within TTM Technologies.

Stakeholder Impact

• Shareholders may view the executive's sale of shares as a signal, potentially influencing their investment decisions or perception of the company's near-term prospects.

Key Dates

Recommendation

The sale of 20,000 shares by an EVP, while notable, was executed under a Rule 10b5-1 plan, suggesting it was a pre-scheduled diversification or liquidity event rather than a reaction to adverse company-specific news. This mitigates the immediate negative signal often associated with insider selling. Investors should monitor future insider activity and broader company performance rather than making a definitive buy/sell decision based solely on this single, pre-planned transaction.

Keywords

TTM Technologies, TTMI, Insider Sale, Form 4, Catherine A. Gridley, Executive Stock Sale, Aerospace & Defense, Rule 10b5-1