Form 4: Ultra Clean Holdings CFO Sheri Savage Sells Shares
SEC Form 4 Filing
Sheri Savage, CFO of Ultra Clean Holdings, sold 9,682 shares of common stock at a price of $51.08 on July 2, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 2, 2024, Sheri Savage, the CFO of Ultra Clean Holdings, sold 9,682 shares of common stock.
- The sale was executed at a price of $51.08 per share.
- Following the transaction, Savage directly owns 62,654 shares of Ultra Clean Holdings.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing trading plan. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
Stakeholder Impact
- The sale of shares by a high-ranking officer could be perceived negatively by some shareholders, although 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 |
| 07/02/2024 | Date of stock sale transaction |
| 07/03/2024 | Date of Form 4 filing |
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