Form 4: Ultra Clean Holdings CFO Sheri Savage Sells Shares

Sheri Savage, CFO of Ultra Clean Holdings, Inc., reported the sale of company stock in multiple transactions on June 7 and June 10, 2024.

Summary

• Sheri Savage, the CFO of Ultra Clean Holdings, Inc. (UCTT), sold shares of the company's common stock on June 7 and June 10, 2024.
• On June 7, 2024, she sold a total of 15,319 shares in multiple transactions at weighted average prices ranging from $45.8882 to $46.1405.
• On June 10, 2024, she sold 2,708 shares at a price of $47.18.
• Following these transactions, Savage directly owns 72,336 shares of Ultra Clean Holdings, Inc.
• The sales were executed under a pre-arranged 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports insider selling, which can be interpreted in various ways. The sales were executed under a pre-arranged 10b5-1 trading plan, which suggests the sales were planned and not necessarily based on current market conditions or company performance.

Risks

• Insider selling can sometimes be perceived negatively by investors, although sales under 10b5-1 plans are often pre-scheduled and may not reflect a negative outlook on the company.

Industry Context

Insider trading activity is closely monitored in the semiconductor industry, as it can provide insights into management's perspective on the company's prospects. However, routine sales under 10b5-1 plans are common and may not be indicative of any specific sentiment.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the impact may be limited due to the pre-planned nature of the transactions.

Key Dates