Mike Slessor - Aug 1, 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
Aug 1, 2024
Transactions value $
-$888,723
Form type
4
Date filed
8/5/2024, 07:53 PM
Previous filing
Jul 25, 2024
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Sale -$50.4K -1.04K -0.2% $48.60 526K Aug 1, 2024 Direct F1, F2
transaction FORM Common Stock Sale -$69.8K -1.39K -0.26% $50.28 525K Aug 1, 2024 Direct F1, F3
transaction FORM Common Stock Sale -$24.2K -471 -0.09% $51.29 524K Aug 1, 2024 Direct F1, F4
transaction FORM Common Stock Sale -$421 -8 0% $52.62 524K Aug 1, 2024 Direct F1
transaction FORM Common Stock Sale -$58.9K -1.09K -0.21% $53.80 523K Aug 1, 2024 Direct F1, F5
transaction FORM Common Stock Options Exercise $0 +14.4K +2.76% $0.00 538K Aug 1, 2024 Direct F6
transaction FORM Common Stock Tax liability -$378K -8K -1.49% $47.25 530K Aug 1, 2024 Direct F7
transaction FORM Common Stock Options Exercise $0 +13.5K +2.56% $0.00 543K Aug 2, 2024 Direct F8
transaction FORM Common Stock Tax liability -$307K -7.51K -1.38% $40.90 536K Aug 2, 2024 Direct F7

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 Options Exercise $0 -14.4K -50% $0.00 14.4K Aug 1, 2024 Common Stock 14.4K $0.00 Direct F6, F9
transaction FORM Restricted Stock Units Options Exercise $0 -13.5K -100% $0.00* 0 Aug 2, 2024 Common Stock 13.5K $0.00 Direct F8, F9
* 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 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 $48.23 through $48.95. 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 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $50.11 through $50.74. 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.
F4 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $51.13 through $51.61. 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.
F5 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $53.625 through $54.46. 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.
F6 The Restricted Stock Units vest in three annual installments on each August 1 of 2023, 2024 and 2025 and will be settled into shares of common stocks on or following the vesting dates.
F7 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F8 The Restricted Stock Units vest in three annual installments on each August 2 of 2022, 2023 and 2024 and will be settled into shares of common stocks on or following the vesting dates.
F9 If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all restricted stock units 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.