Ju Jin - 07 Feb 2022 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role: SVP & GM, IBU
Signature: By: /s/ Steven R. Roth For: Ju Jin
Issuer symbol: ONTO
Transactions as of: 07 Feb 2022
Net transactions value: -$91,050
Form type: 4
Filing time: 09 Feb 2022, 19:03:19 UTC
Previous filing: 14 Sep 2021
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONTO	Common Stock	Options Exercise	$0	+1,820	+24%	$0.000000	9,394	07 Feb 2022	Direct	F1
transaction	ONTO	Common Stock	Tax liability	$52,624	-582	-6.2%	$90.42	8,812	07 Feb 2022	Direct	F2
transaction	ONTO	Common Stock	Tax liability	$19,621	-217	-2.5%	$90.42	8,595	07 Feb 2022	Direct	F2
transaction	ONTO	Common Stock	Tax liability	$18,804	-202	-2.4%	$93.09	8,393	08 Feb 2022	Direct	F2

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	-910	-100%	$0.000000^*	0	07 Feb 2022	Common Stock	910		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, 2022 as a result of the satisfaction of the performance criteria at 200% of the target.
F2	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.