TTM Technologies insider files to sell $670K in stock under Rule 144
Rhea-AI Filing Summary
TTM Technologies Inc. (TTMI) Form 144: Insider Thomas Clapprood has filed notice to sell up to 15,000 common shares through Merrill Lynch on or about 05 Aug 2025. The planned transaction is valued at $670,177.98 and involves stock acquired via restricted-stock-unit awards dated 2023-2025. The shares represent <0.02 % of the company’s 103,313,274 shares outstanding.
The same filer sold 13,364 shares over the last three months for total gross proceeds of $417,273.59 (10,000 shares on 30 May 2025 and 3,364 shares on 23 Jun 2025). The certification states the seller is unaware of undisclosed adverse information and complies with Rule 144 resale limits.
Although modest relative to float, recurring disposals can signal insider sentiment. Investors may monitor future filings to determine whether the selling pattern accelerates.
Positive
- None.
Negative
- Planned insider disposition of 15,000 shares worth ~$670 k filed under Form 144.
- Recent insider sales of 13,364 shares in the prior three months indicate an ongoing selling pattern.
Insights
TL;DR: Small Rule 144 sale; immaterial to float but worth tracking as insider sentiment gauge.
The proposed 15 k-share sale equates to roughly 0.02 % of TTMI’s outstanding stock and only ~0.4 × daily average volume, suggesting negligible direct market impact. Prior sales totalling 13,364 shares indicate a continuing disposition program, yet dollar amounts remain minor versus the firm’s market capitalisation. No adverse operational information is asserted, and shares stem from routine RSU vesting. I view the filing as neutral; however, if sell frequency or size escalates, it could imply waning executive confidence.