Mike Slessor - Aug 1, 2023 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CEO, Director
Signature
By: /s/ Stan Finkelstein, Attorney-in-Fact for Mike Slessor
Stock symbol
FORM
Transactions as of
Aug 1, 2023
Transactions value $
-$360,917
Form type
4
Date filed
8/3/2023, 08:43 PM
Previous filing
Feb 15, 2023
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +14.4K +3.04% $0.00 489K Aug 1, 2023 Direct F1
transaction FORM Common Stock Tax liability -$185K -4.99K -1.02% $37.16 484K Aug 1, 2023 Direct F2
transaction FORM Common Stock Options Exercise $0 +13.5K +2.8% $0.00 497K Aug 2, 2023 Direct F3
transaction FORM Common Stock Tax liability -$176K -4.87K -0.98% $36.02 492K Aug 2, 2023 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 Restricted Stock Units Options Exercise $0 +14.4K +100.01% $0.00 28.9K Aug 1, 2023 Common Stock 14.4K $0.00 Direct F3, F4
transaction FORM Restricted Stock Units Options Exercise $0 +13.5K $0.00 13.5K Aug 2, 2023 Common Stock 13.5K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F3 This represents a restricted stock unit award granted on 08/01/22 that vests annually over three years from grant date.
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.
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.