Insider Sale: Steven Spoto Disposes 456 TTMI Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Steven Spoto, an officer of TTM Technologies, reported a sale of common stock on 08/11/2025. The Form 4 shows a disposition of 456 shares at a single-print price of $45.45, leaving 32,133 shares beneficially owned directly after the transaction.
The filing states the sale was executed under a 10b5-1 sales plan to cover the tax liability arising from the vesting of restricted stock units (RSUs). The Form 4 was signed by an attorney-in-fact, Daniel J. Weber, on 08/12/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, routine insider sale under a 10b5-1 plan to satisfy RSU tax obligations; does not materially change ownership.
This Form 4 documents a controlled disposition of 456 shares at $45.45 on 08/11/2025, executed pursuant to a 10b5-1 plan to pay taxes tied to RSU vesting. The post-transaction direct holding of 32,133 shares indicates the sale is a minor percentage of the insider's stake and consistent with standard tax-withholding mechanics rather than an opportunistic trade. The single-print price disclosure suggests a single execution print was used to report the trade.
TL;DR: Transaction reflects compliance with pre-established trading plan and proper disclosure procedures.
The filing identifies the reporting person as an officer and notes the sale occurred under a 10b5-1 plan, which provides an affirmative defense to insider trading allegations when properly adopted. The explanatory item clarifies the sale's purpose: to satisfy RSU-related tax liabilities. The form bears an attorney-in-fact signature dated 08/12/2025, showing delegated execution of the filing. Overall, the disclosure aligns with routine governance practices for executive equity settlements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 456 | $45.45 | $21K |
Footnotes (1)
- Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, to pay the tax liability incident to the vesting of RSUs. The price reported in Column 4 is single print.