Michael Plisinski - Feb 7, 2023 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role
CEO, Director
Signature
By: /s/ Mark R. Slicer For: Michael Plisinski
Stock symbol
ONTO
Transactions as of
Feb 7, 2023
Transactions value $
-$3,038,093
Form type
4
Date filed
2/9/2023, 08:43 PM
Previous filing
Feb 14, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Tax liability -$1.28M -15.2K -6.26% $84.31 227K Feb 7, 2023 Direct F1
transaction ONTO Common Stock Tax liability -$431K -5.11K -2.25% $84.31 222K Feb 7, 2023 Direct F1
transaction ONTO Common Stock Options Exercise $0 +31.2K +14.04% $0.00 254K Feb 7, 2023 Direct F2
transaction ONTO Common Stock Tax liability -$995K -12.1K -4.77% $82.30 241K Feb 8, 2023 Direct F1
transaction ONTO Common Stock Tax liability -$332K -4.03K -1.67% $82.30 237K Feb 8, 2023 Direct F1
transaction ONTO Common Stock Options Exercise $0 +24.8K +10.46% $0.00 262K Feb 8, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONTO Performance Stock Unit Options Exercise $0 -15.6K -100% $0.00* 0 Feb 7, 2023 Common Stock 15.6K Direct F2
transaction ONTO Performance Stock Unit Options Exercise $0 -12.4K -100% $0.00* 0 Feb 8, 2023 Common Stock 12.4K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock unit or performance stock units grants previously received by the Reporting Person.
F2 This transaction represents the settlement of performance stock units ("PSUs") granted on February 7, 2020 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 7, 2023 as a result of the satisfaction of the performance criteria at 200% of the target.
F3 This transaction represents the settlement of performance stock units ("PSUs") granted on February 8, 2021 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 8, 2023 as a result of the satisfaction of the performance criteria at 200% of the target.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney