Form 4: ONTO COOs 594-Share Withholding at $143.71 Leaves 11,342
Rhea-AI Filing Summary
Ramil Yaldaei, Chief Operating Officer and director of ONTO INNOVATION INC. (ONTO), reported a change in beneficial ownership on 10/03/2025. The filing shows 594 shares of common stock were disposed of at a price of $143.71; the form explains these shares were withheld by the issuer to satisfy tax withholding obligations from the vesting of restricted or performance stock units. After the reported transaction, the reporting person beneficially owns 11,342 shares, which includes 145 shares acquired on 06/30/2025 under the companys Employee Stock Purchase Plan.
Positive
- Insider retention: Reporting person still beneficially owns 11,342 shares after the transaction
- Disposition explained as tax withholding: The filing states the 594-share reduction was to satisfy tax withholding from vesting
Negative
- Share count reduced: 594 shares were disposed of, which slightly decreases insider holdings
- Market exposure: The withheld shares represent realized value at $143.71 per share, reducing potential future upside on those shares
Insights
TL;DR: The reported disposition was a tax-withholding action tied to equity vesting, not a discretionary open-market sale.
The form shows 594 shares were withheld at $143.71 to cover taxes when restricted or performance shares vested. Withholding to satisfy tax obligations is a routine administrative action that reduces the insiders share count without generating a separate open-market trade.
Key dependencies include future vesting schedules and any planned sales under trading plans; monitor equity grant vesting dates and subsequent Form 4 filings over the next 12 months for additional activity.
FAQ
What did ONTO insider Ramil Yaldaei report on 10/03/2025?
How many ONTO shares does Ramil Yaldaei beneficially own after the transaction?
Why were 594 shares disposed of according to the filing?
Does the Form 4 show any purchases by the reporting person earlier in 2025?
Where is this transaction recorded and who signed the filing?