Shai Shahar - 23 Jul 2024 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CFO, SVP Global Finance
Signature
/s/: Stan Finkelstein, Attorney-in-fact for Shai Shahar
Issuer symbol
FORM
Transactions as of
23 Jul 2024
Net transactions value
-$1,072,510
Form type
4
Filing time
25 Jul 2024, 17:21:50 UTC
Previous filing
08 May 2024
Next filing
05 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +32,103 +183% $0.000000 49,672 23 Jul 2024 Direct F1
transaction FORM Common Stock Tax liability $1,072,510 -17,801 -36% $60.25 31,871 23 Jul 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 +32,103 $0.000000 32,103 23 Jul 2024 Common Stock 32,103 $0.000000 Direct F1
transaction FORM Performance-based Restricted Stock Units Options Exercise $0 -32,103 -100% $0.000000* 0 23 Jul 2024 Common Stock 32,103 $0.000000 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 32,103 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.