Form 4: TTM Technologies Officer Sells Shares Under 10b5-1 Plan

TTM Technologies' President of C&C, Robert P. Farrell, sold 3,476 shares of common stock for approximately $68.93 per share under a pre-arranged plan.

Summary

• Robert P. Farrell, President C&C of TTM Technologies Inc. (TTMI), sold 3,476 shares of common stock.
• The transaction occurred on November 3, 2025, at a weighted average price of $68.9301 per share.
• The shares were sold in multiple transactions at prices ranging from $68.93 to $68.94, inclusive.
• Following the sale, Mr. Farrell beneficially owns 20,346 shares of TTM Technologies common stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sale of shares by an insider, while typically viewed negatively, was conducted under a pre-arranged 10b5-1 plan, which mitigates the immediate negative sentiment as it suggests a planned liquidity event rather than a reaction to new information.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled transaction rather than a reaction to new, non-public information.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces an officer's direct equity stake in the company.

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 insider transaction is specific to TTM Technologies and does not directly provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders may note the reduction in direct ownership by a key officer, though the 10b5-1 plan context suggests it's a planned event rather than a signal of deteriorating company prospects.

Key Dates

Recommendation

The insider sale was executed under a pre-arranged 10b5-1 plan, which suggests a planned liquidity event rather than a reaction to new material information. This type of transaction typically does not warrant a change in investment recommendation based solely on the filing.

Keywords

TTM Technologies, TTMI, insider trading, Form 4, stock sale, Robert P. Farrell, officer transaction, 10b5-1 plan