TTM Tech Insider's $900K Total Stock Sales Signal Potential Strategy Shift
Rhea-AI Filing Summary
TTM Technologies has filed a Form 144 notice for the proposed sale of securities by an insider. The filing details a planned sale of 9,571 shares of common stock with an aggregate market value of $347,591.18 through Merrill Lynch on the NASDAQ exchange, with an approximate sale date of June 23, 2025.
The securities were acquired through a Restricted Stock Unit (RSU) vest of 20,367 shares on June 23, 2025. The filing also discloses previous sales by the same insider (Dale Knecht) within the past 3 months:
- June 9, 2025: 7,662 shares for $261,738.84
- June 5, 2025: 1,140 shares for $38,760.00
- May 13, 2025: 10,000 shares for $295,174.82
This Form 144 represents a declaration of intent to sell restricted securities, with the seller affirming no knowledge of undisclosed material adverse information about the company.
Positive
- None.
Negative
- Insider Dale Knecht has sold a total of 28,373 shares over the past 3 months, with the latest proposed sale of 9,571 shares valued at $347,591, indicating consistent selling pressure from management