Srinivas Vedula - Aug 30, 2024 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Signature
By: Mark R. Slicer For: Srinivas Vedula
Stock symbol
ONTO
Transactions as of
Aug 30, 2024
Transactions value $
-$323,933
Form type
4
Date filed
9/4/2024, 04:18 PM
Previous filing
Jun 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Tax liability -$59.7K -280 -1.59% $213.22 17.3K Aug 30, 2024 Direct F1, F2
transaction ONTO Common Stock Sale -$264K -1.28K -7.36% $207.24 16.1K Sep 3, 2024 Direct F3
* 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 Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock unit or performance stock unit grants previously received by the Reporting Person.
F2 Includes 172 shares purchased on June 30, 2024 pursuant to the Issuer's Employee Stock Purchase Plan.
F3 The stock sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2024.