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TTM Tech Executive Offloads 9,571 Shares Following RSU Vesting

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

TTM Technologies SVP of Information Technology Dale Martin Knecht reported a significant insider transaction on June 23, 2025. The executive disposed of 9,571 shares of Common Stock at a weighted average price of $36.32 per share, with prices ranging from $35.69 to $36.87.

Key transaction details:

  • The sale was executed under a pre-arranged 10b5-1 Sales Plan
  • Purpose: To cover tax liability from vesting Restricted Stock Units (RSUs)
  • Following the transaction, Knecht retains beneficial ownership of 57,973 shares
  • All shares are held in direct ownership

This transaction appears to be a routine tax-related sale rather than a discretionary divestment, suggesting no significant change in the executive's long-term position in the company.

Positive

  • The transaction was executed according to a pre-planned 10b5-1 Sales Plan, demonstrating good corporate governance and compliance
  • The insider (SVP Information Technology) still maintains significant ownership with 57,973 shares after the transaction

Negative

  • SVP Information Technology Dale Martin Knecht sold 9,571 shares at an average price of $36.32
  • The sale was relatively large, representing approximately 14.2% of the insider's holdings
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Knecht Dale Martin

(Last) (First) (Middle)
200 EAST SANDPOINTE, SUITE 400

(Street)
SANTA ANA CA 92707

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TTM TECHNOLOGIES INC [ TTMI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP Information Technology
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/23/2025 F 9,571(1) D $36.3171(2) 57,973 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, to pay the tax liability incident to the vesting of RSUs.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 - $36.87, inclusive. The reporting person undertakes to provide to TTM Technologies, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
/s/ Daniel J. Weber, Attorney-in-Fact 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares did TTMI's SVP of Information Technology Dale Martin Knecht sell on June 23, 2025?

Dale Martin Knecht sold 9,571 shares of TTMI common stock on June 23, 2025, at a weighted average price of $36.3171 per share. This sale was made pursuant to a 10b5-1 Sales Plan to cover tax liabilities related to vesting RSUs.

What was the price range for TTMI shares sold by Dale Knecht in the June 23, 2025 transaction?

The shares were sold in multiple transactions at prices ranging from $35.69 to $36.87 per share, with a weighted average price of $36.3171.

How many TTMI shares does Dale Knecht own after the June 23, 2025 transaction?

Following the reported transaction, Dale Knecht beneficially owns 57,973 shares of TTMI common stock held directly (Form: Direct Ownership).

Why did TTMI's SVP Dale Knecht sell shares on June 23, 2025?

The sale was made pursuant to a pre-established 10b5-1 Sales Plan specifically to pay the tax liability incident to the vesting of Restricted Stock Units (RSUs).
Ttm Technologies Inc

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7.62B
101.17M
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Electronic Components
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United States
SANTA ANA