TTMI insider sale disclosed: 20,000 shares via Merrill Lynch on 08/27/2025
Rhea-AI Filing Summary
TTM Technologies (TTMI) Form 144 filing shows a planned sale of 20,000 common shares through Merrill Lynch on NASDAQ on 08/27/2025, with an aggregate market value of $886,262.64. The securities were acquired as restricted stock unit awards from TTM Technologies on 02/22/2023 (9,373 shares) and 06/22/2023 (10,627 shares). The filer, identified in related transactions as Catherine Gridley at a Santa Ana address, previously sold 25,000 shares on 08/19/2025 for $1,011,401.28 and 13,669 shares on 06/23/2025 for $496,868.53. The notice includes the standard signature representation that the seller is unaware of undisclosed material adverse information.
Positive
- Regulatory compliance: The filer submitted a Form 144 with required details, including broker, intended sale date, and acquisition history.
Negative
- Insider selling activity: The individual reported recent sales totaling 38,669 shares in 2025 and intends to sell an additional 20,000 shares, representing material gross proceeds (six-figure amounts).
Insights
TL;DR: Insider sales disclosed: planned 20,000-share sale and recent sales totaling 38,669 shares, all reported under Form 144.
The filing documents an intended open-market sale by a person associated with TTM Technologies of 20,000 common shares via Merrill Lynch with a stated market value of $886,262.64, plus reported sales of 25,000 and 13,669 shares earlier in 2025 generating approximately $1.01M and $497k respectively. These transactions stem from restricted stock unit awards granted in 2023. From a liquidity perspective, the filing signals ongoing monetization of equity by the reported individual. The notice is a routine regulatory disclosure rather than an operational update from the company.
TL;DR: Filing is a compliance disclosure of insider sales; it does not assert any undisclosed adverse information.
The Form 144 provides required details about the class, broker, sale dates, and acquisition source for securities being sold. The securities originated from RSU awards in February and June 2023. The filer made the representational certification about no undisclosed material adverse information, which is customary. This document should be viewed as a disclosure of insider liquidity activity rather than a corporate governance event affecting board composition or control.