Mike Slessor - 01 Aug 2023 Form 4 Insider Report for FORMFACTOR INC (FORM)

Reporting relationship: CEO, Director
Issuer ticker: FORM
Reported as of: 01 Aug 2023
Net transaction value: -$360,917
SEC form: 4
Accepted by SEC: 03 Aug 2023, 20:43:32 UTC
Prior SEC filing: 15 Feb 2023
Next SEC filing: 09 Aug 2023
Source filing: View source filing
Reporting owner signature: By: /s/ Stan Finkelstein, Attorney-in-Fact for Mike Slessor

Key filing fact

Mike Slessor filed Form 4 for FORMFACTOR INC (FORM) on 03 Aug 2023.

Key facts

This page summarizes Mike Slessor's Form 4 filing for FORMFACTOR INC (FORM).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Aug 2023, 20:43.

Change

Previous filing in this sequence was filed on 15 Feb 2023.
Current net transaction value: -$360,917.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FORM transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +14,427
Change %: +3%
Price: $0.000000
Shares after: 488,565
Date: 01 Aug 2023
Ownership: Direct
Footnotes: F1

FORM transaction

Common Stock

Tax liability

Transaction value: $185,391
Shares: -4,989
Change %: -1%
Price: $37.16
Shares after: 483,576
Date: 01 Aug 2023
Ownership: Direct
Footnotes: F2

FORM transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +13,537
Change %: +2.8%
Price: $0.000000
Shares after: 497,113
Date: 02 Aug 2023
Ownership: Direct
Footnotes: F3

FORM transaction

Common Stock

Tax liability

Transaction value: $175,525
Shares: -4,873
Change %: -0.98%
Price: $36.02
Shares after: 492,240
Date: 02 Aug 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FORM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: +14,427
Change %: +100%
Price: $0.000000
Shares after: 28,853
Date: 01 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,427
Exercise price: $0.000000
Footnotes: F3, F4

FORM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: +13,537
Change %
Price: $0.000000
Shares after: 13,536
Date: 02 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,537
Exercise price: $0.000000
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The Restricted Stock Units vest in three annual installments on each August 2 of 2023, 2024, and 2025 and will be settled into shares of common stocks on or following the vesting dates.

Footnote F2

Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.

Footnote F3

This represents a restricted stock unit award granted on 08/01/22 that vests annually over three years from grant date.

Footnote F4

If the reporting person's employment is terminated for any reason before an applicable vesting date, all options and/or 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 award vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.

Footnote F5

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.