Mike Slessor - Jul 23, 2024 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CEO, Director
Signature
/s/ Stan Finkelstein, Attorney-in-fact for Mike Slessor
Stock symbol
FORM
Transactions as of
Jul 23, 2024
Transactions value $
-$2,970,084
Form type
4
Date filed
7/25/2024, 05:16 PM
Previous filing
Jul 2, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +88.9K +18.23% $0.00 576K Jul 23, 2024 Direct F1
transaction FORM Common Stock Tax liability -$2.97M -49.3K -8.55% $60.25 527K Jul 23, 2024 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 FORM Performance-based Restricted Stock Units Award $0 +88.9K $0.00 88.9K Jul 23, 2024 Common Stock 88.9K $0.00 Direct F1
transaction FORM Performance-based Restricted Stock Units Options Exercise $0 -88.9K -100% $0.00* 0 Jul 23, 2024 Common Stock 88.9K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These performance-based restricted stock units (the "PRSUs") were granted on August 2, 2021, subject to the satisfaction of certain performance criteria and certification by the compensation committee of the Issuer's Board of Directors (the Compensation Committee). On July 23, 2024, the Compensation Committee certified the achievement of the performance criteria, resulting in vesting and settlement of 88,902 shares with respect to the PRSUs.
F2 Represents the number of shares withheld upon vesting and settlement of the PRSUs to cover tax withholding obligations.