Daniel J. Weber - Feb 22, 2024 Form 4 Insider Report for TTM TECHNOLOGIES INC (TTMI)

Signature
/s/ Daniel J. Weber, Attorney-in-Fact
Stock symbol
TTMI
Transactions as of
Feb 22, 2024
Transactions value $
-$154,510
Form type
4
Date filed
2/26/2024, 03:47 PM
Previous filing
Aug 8, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTMI Common Stock Award $0 +21.3K +23% $0.00 114K Feb 22, 2024 Direct F1
transaction TTMI Common Stock Tax liability -$155K -10.1K -8.83% $15.36 104K Feb 23, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects shares released on February 22, 2024 in connection with the vesting of performance-based restricted stock units granted on June 22, 2021.
F2 Represents the sale of shares sold pursuant to a 10b5-1 Sales Plan to pay the tax liability incident to the vesting of Performance RSUs.
F3 The price reported in Box 4. is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.23 to $15.51, inclusive. The reporting person undertakes to provide to TTM Technologies, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.