Form 4: TTM Technologies Executive Sells Shares

Douglas L. Soder, EVP of Commercial Sector Pres. at TTM Technologies Inc., sold a total of 2,400 shares of common stock on June 25, 2026, as part of a pre-arranged 10b5-1 trading plan to cover tax liabilities from vested RSUs.

Summary

• Douglas L. Soder, an executive at TTM Technologies Inc., sold a total of 2,400 shares of common stock on June 25, 2026.
• These sales were executed under a Rule 10b5-1 trading plan adopted on February 24th, 2026.
• The primary purpose of these sales was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• The sales occurred at various weighted average prices, ranging from $204.58 to $218.93 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While an executive is selling shares, it is clearly stated to be for tax purposes under a pre-arranged plan, which is a common and expected transaction.

Negatives

• Executive selling a significant number of shares, although for tax purposes, can sometimes be perceived negatively by the market.

Risks

• The filing does not explicitly mention any future risks or challenges.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to insider stock transactions.

Management Comments

• The sales were made pursuant to a 10b5-1 trading plan adopted on February 24th, 2026, solely to pay the tax liability incident to the vesting of RSUs.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a 10b5-1 plan is a common and accepted method for executives to manage stock sales for tax or diversification purposes, mitigating concerns about insider trading.

Stakeholder Impact

• Shareholders: The sale of shares by an executive, even for tax purposes, might lead to minor short-term market perception shifts, though the 10b5-1 plan mitigates insider trading concerns.
• Employees: The transaction is related to executive compensation (RSUs) and does not directly impact other employees.
• Creditors: No direct impact on creditors is indicated.

Next Steps

• The 10b5-1 plan will continue to be executed as per its terms.
• The reporting person will continue to hold beneficial ownership of remaining shares.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, insider trading, stock sale, 10b5-1 plan, RSU vesting, executive compensation, beneficial ownership