Ju Jin - Feb 7, 2022 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role
SVP & GM, IBU
Signature
By: /s/ Steven R. Roth For: Ju Jin
Stock symbol
ONTO
Transactions as of
Feb 7, 2022
Transactions value $
-$91,050
Form type
4
Date filed
2/9/2022, 07:03 PM
Previous filing
Sep 14, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Options Exercise $0 +1.82K +24.03% $0.00 9.39K Feb 7, 2022 Direct F1
transaction ONTO Common Stock Tax liability -$52.6K -582 -6.2% $90.42 8.81K Feb 7, 2022 Direct F2
transaction ONTO Common Stock Tax liability -$19.6K -217 -2.46% $90.42 8.6K Feb 7, 2022 Direct F2
transaction ONTO Common Stock Tax liability -$18.8K -202 -2.35% $93.09 8.39K Feb 8, 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% $0.00* 0 Feb 7, 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.