Nina Richardson - May 10, 2023 Form 4 Insider Report for COHU INC (COHU)

Role
Director
Signature
Jeffrey D. Jones, by Power of Attorney
Stock symbol
COHU
Transactions as of
May 10, 2023
Transactions value $
-$69,346
Form type
4
Date filed
5/11/2023, 04:37 PM
Previous filing
Apr 25, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COHU Restricted Stock Units Award $0 +4.35K +16.67% $0.00 30.4K May 10, 2023 Direct F1
transaction COHU Common Stock Sale -$69.3K -2.04K -6.69% $34.06 28.4K May 11, 2023 Direct F2, F3, F4
* 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 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. The RSUs vest on the earlier to occur of (i) the one-year anniversary of the May 10, 2023 grant date or (ii) the 2024 Cohu, Inc. Annual Meeting of Stockholders (assuming continued service to the Board of Directors).
F2 This transaction was made pursuant to a Rule 10(b)5-1 trading plan adopted by Ms. Richardson on August 16, 2022 (the "Plan").
F3 The shares with respect to this transaction were sold at an exact price of $34.06.
F4 Number of shares includes 4,347 Restricted Stock Units (RSUs) and 11,992 Deferred Stock Units (DSUs). Each RSU represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting (assuming continued service to the Board). Each DSU is equal to one share of Cohu, Inc. Common Stock and will be settled through the issuance of common stock (i) upon the reporting person's termination of service as a director or (ii) at certain specified dates.