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
FAQ
How many TTMI shares are being sold according to the Form 144 filing from June 2025?
What is the source of TTMI shares being sold in this Form 144?
What previous TTMI stock sales were reported by the seller in the past 3 months?
What is TTMI's total shares outstanding according to the June 2025 Form 144?
Which broker is handling the TTMI share sale in this Form 144?