Mike Slessor - Mar 1, 2024 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CEO, Director
Signature
/s/ Shai Shahar, Attorney-in-fact for Mike Slessor
Stock symbol
FORM
Transactions as of
Mar 1, 2024
Transactions value $
-$173,518
Form type
4
Date filed
3/4/2024, 05:53 PM
Previous filing
Feb 15, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Sale -$174K -4K -0.79% $43.38 500K Mar 1, 2024 Direct F1, F2, 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 FORM Restricted Stock Units Award $0 +59.1K $0.00 59.1K Mar 1, 2024 Common Stock 59.1K $0.00 Direct F4, F5
* 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 The reported sale of 4,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2023.
F2 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $43.12 through $43.675. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 The total reported in Column 5 reflects a reduction of a total of 59,080 unvested restricted stock units ("RSUs") previously reported in Table I as described in footnote 4.
F4 These RSUs vest in ten equal quarterly installments beginning on May 7, 2024 and will be settled into shares of common stock on or following the vesting dates. The reporting person previously reported these and other RSUs in Table I of Form 4.
F5 If the reporting person's employment is terminated for any reason before an applicable vesting date, all RSUs that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.