[Form 4] FORMFACTOR INC Insider Trading Activity
Rhea-AI Filing Summary
FormFactor (FORM) CEO and Director Mike Slessor reported routine equity vesting activity on 11/07/2025. He acquired 5,908 shares of common stock upon settlement of restricted stock units and had 3,282 shares withheld to cover taxes at $52.25 per share. Following these transactions, he directly owned 541,673 shares.
The RSUs convert 1‑for‑1 into common stock and were part of a grant vesting in quarterly installments through August 2026, subject to continued service and plan terms.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; neutral impact.
FormFactor disclosed standard insider activity: 5,908 shares issued from RSU settlement on 11/07/2025, with 3,282 shares withheld for taxes at $52.25 per share. The transaction reflects equity compensation mechanics rather than an open-market trade.
The RSUs vest quarterly through August 2026 on a 1‑for‑1 basis, contingent on service, with unvested units forfeitable under typical conditions. Post‑transaction direct ownership is 541,673 shares. Given its administrative nature, this filing is not thesis‑changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,908 | $0.00 | -- |
| Exercise | Common Stock | 5,908 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,282 | $52.25 | $171K |
Footnotes (1)
- These shares of common stock reflect the settlement of restricted stock units of the Issuer. Each Restricted Stock Unit (RSU) is convertible into a share of common stock on a 1-for-1 basis. Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. The Restricted Stock Units granted on August 7, 2023 vest in twelve (12) quarterly installments beginning on November 7, 2023 and ending on August 7, 2026 and will be settled into shares of common stocks on or following the vesting dates. 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.