Form 4: Ultra Clean Holdings CEO James Scholhamer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Ultra Clean Holdings CEO James Scholhamer sold 26,608 shares of common stock at $55.1 per share on July 9, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 9, 2024, James P. Scholhamer, CEO of Ultra Clean Holdings, Inc., sold 26,608 shares of common stock.
- The sale was executed at a price of $55.1 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted by Scholhamer on March 8, 2024.
- Following the transaction, Scholhamer directly owns 418,453 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily indicate a change in the CEO's confidence in the company.
Industry Context
Sales by insiders are a common occurrence, and the use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information. It is important to monitor insider transactions to understand management's perspective on the company's value.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 07/09/2024 | Date of stock sale transaction |
| 07/11/2024 | Date of Form 4 filing |
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