Form 4: Ultra Clean Holdings CFO Sheri Savage Sells Shares Under 10b5-1 Trading Plan

Sheri Savage, CFO of Ultra Clean Holdings, sold a total of 3,337 shares of common stock on July 11 and 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sheri Savage, the CFO of Ultra Clean Holdings, Inc. (UCTT), reported the sale of company stock.
• The transactions occurred on July 11 and July 12, 2024.
• A total of 3,337 shares of common stock were sold at a price of $55.87 per share.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2024.
• Following the reported transactions, Sheri Savage beneficially owns 49,238 shares of Ultra Clean Holdings, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Industry Context

Sales by company insiders are a common occurrence, but are closely scrutinized by investors. The use of a 10b5-1 trading plan is intended to avoid any concerns about trading on inside information.

Stakeholder Impact

• The stock sale 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