TTM Technologies Insider Sells 1,493 Shares; 25,322 Remain
Rhea-AI Filing Summary
Robert P. Farrell, President C&C and director of TTM Technologies, Inc. (TTMI) reported an open-market sale of 1,493 shares on 08/26/2025 at a weighted average price of $45.0019 per share, with trade prices in the range $45.00–$45.01. After the transaction he beneficially owns 25,322 shares, held directly. The filing is signed by an attorney-in-fact on behalf of the reporting person on 08/28/2025. The form discloses that the sale was executed in multiple trades and that the reporting person will provide details on the number of shares sold at each price within the stated range upon request.
Positive
- Clear disclosure of transaction date, weighted average price, and remaining beneficial ownership
- Reporting transparency with offer to provide per-trade allocation within the disclosed price range
- Form filed promptly and signed by authorized attorney-in-fact, meeting procedural requirements
Negative
- Insider sale of shares (1,493 shares) reduces the reporting person's direct stake
- No disclosure in this filing of a Rule 10b5-1 trading plan, so intent behind sale is not specified
Insights
TL;DR: Routine insider sale; modest size relative to typical director holdings and fully disclosed.
The Form 4 documents a straightforward open-market disposal of 1,493 shares on 08/26/2025 at a weighted average price of $45.0019. Post-transaction beneficial ownership is 25,322 shares held directly, indicating continued stake alignment with shareholders. The disclosure of the price range ($45.00–$45.01) and the offer to provide per-trade details support transparency. This transaction appears routine rather than signaling a material change in ownership or control.
TL;DR: Compliance and recordkeeping appear proper; filing shows required details for Section 16 reporting.
The filing includes the reporting person's title (President C&C), relationship to the issuer, exact transaction date, transaction code (sale), weighted average price and remaining shares owned. The signature by an attorney-in-fact and the explanatory footnote about multiple trades meet standard disclosure practices. There is no indication of a Rule 10b5-1 plan in this filing. From a governance perspective, the Form 4 fulfills Section 16(a) obligations and provides sufficient traceability for reviewers.