Form 4: TTM Technologies Officer Sells 15,000 Shares

TTM Technologies' President of Aerospace & Defense Interconnect Solutions, Tom Clapprood, reported the sale of 15,000 common shares.

Summary

• Tom Clapprood, President of Aerospace & Defense Interconnect Solutions at TTM Technologies Inc. (TTMI), reported a transaction.
• Clapprood sold 15,000 shares of common stock on August 5, 2025.
• The shares were sold in the open market at a weighted average price of $44.6785 per share.
• The sale price ranged from $44.30 to $45.09 per share.
• Following this transaction, Clapprood beneficially owns 23,531 shares of TTM Technologies common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 6

Explanation: The sale by a key officer, while reducing insider ownership, was conducted under a pre-arranged 10b5-1 trading plan, which suggests the sale was not based on new, negative material information. This mitigates the typical negative perception of insider selling.

Positives

• The transaction was executed pursuant to a Rule 10b5-1 trading plan, indicating a pre-scheduled sale rather than a discretionary sale based on new material information.

Negatives

• A sale of 15,000 shares by a high-ranking officer reduces insider ownership.

Risks

• Potential market perception of reduced insider confidence due to the sale, despite being a 10b5-1 plan.

Future Outlook

This filing, a Form 4, reports an insider transaction and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details an insider stock transaction specific to TTM Technologies Inc. and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: May perceive a slight negative signal from the reduction in insider ownership, though this is largely mitigated by the transaction being part of a pre-arranged 10b5-1 plan.

Key Dates

Recommendation

The filing details a pre-scheduled insider sale under a 10b5-1 plan, which is a routine event and does not typically signal a change in the company's fundamental outlook. While it reduces insider ownership, it is not indicative of new negative information. Therefore, it does not warrant a change in investment thesis based solely on this filing.

Keywords

TTM Technologies, TTMI, Insider Trading, Form 4, Stock Sale, Officer, Tom Clapprood, 10b5-1 Plan, Aerospace & Defense