Insider Filing: TTMI EVP Disposes 13.6K Shares for RSU Taxes

Rhea-AI Filing Summary

TTM Technologies Inc. (TTMI) Form 4 highlights: EVP and A&D Sector President Catherine A. Gridley reported the disposition of 13,669 common shares on 06/23/2025. The transaction was coded “F”, indicating shares were sold to cover withholding taxes triggered by the vesting of restricted stock units and was completed under a Rule 10b5-1 sales plan. The weighted-average sale price was $36.35 per share, with individual trades executed between $35.71 and $36.92. Following the transaction, Gridley retains beneficial ownership of 107,537 TTMI shares, held directly. No derivative security activity was reported.

Because the sale was tax-related and represents a small portion of total holdings (≈ $0.5 million in value), it is generally viewed as routine and not a directional signal about the company’s fundamentals.

Insights

Financial Analyst

TL;DR: Routine tax-withholding sale; minimal signalling value for TTMI investors.

The Form 4 shows an F-coded sale—shares disposed solely to satisfy tax obligations arising from RSU vesting. Such sales are pre-planned under a 10b5-1 arrangement, limiting discretionary timing. At ≈ 13% of the insider’s 121 k pre-sale holdings (13,669 / 121,206), and less than 0.03 % of TTMI’s ~103 million shares outstanding, the transaction is immaterial to float and offers little insight into management’s outlook. The insider still owns 107,537 shares, maintaining substantial alignment with shareholders. Investors should treat the filing as compliance-driven and focus on operating results or upcoming events for actionable signals.

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^*

Gridley Catherine A

(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)
	EVP, A&D Sector President

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		13,669(1)	D	$36.35(2)	107,537	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 $35.71 - $36.92, 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 TTMI shares did EVP Catherine A. Gridley sell on 06/23/2025?

She sold 13,669 common shares.

What was the average sale price disclosed in TTMI's Form 4?

The weighted-average price was $36.35, with a range of $35.71–$36.92.

What transaction code appears on the filing, and what does it mean?

Code F indicates a sale of shares to cover tax withholding on RSU vesting.

How many TTMI shares does the insider own after the sale?

Gridley now beneficially owns 107,537 shares, held directly.

Was the sale made under a 10b5-1 plan?

Yes, the Form 4 notes the disposition occurred under a Rule 10b5-1 sales plan.