TTM Technologies officer sells 20,000 shares; retains 81,986 holdings
Rhea-AI Filing Summary
Catherine A. Gridley, EVP & A&D Sector President of TTM Technologies, Inc. (TTMI), sold 20,000 shares in the open market on 08/27/2025. The reported weighted-average sale price was $44.3131 per share, with individual trades ranging from $44.13 to $44.48. After the sale, the reporting person beneficially owned 81,986 shares. The Form 4 was filed as a single reporting person and includes an undertaking to provide detailed per-price sell information upon request. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Timely and complete disclosure of an open-market sale with weighted-average price and price range
- Reporting person retains 81,986 shares after the sale, maintaining continued ownership stake
- Undertaking to provide per-price sale details upon request enhances transparency
Negative
- Officer sold 20,000 shares, reducing insider ownership which investors may view negatively
- No indication of a 10b5-1 plan is provided on the form, so the sale’s motivation is not specified
Insights
TL;DR: Insider sale of 20,000 shares reduces holdings but contains no additional company performance information.
The transaction is a straightforward open-market sale reported on Form 4. The sale price range ($44.13–$44.48) and the weighted-average price provide clear execution context. The reporting person retains 81,986 shares following the sale, so the transaction reduces but does not eliminate insider exposure. There is no accompanying operational or financial disclosure to change company valuation models.
TL;DR: Routine officer sale disclosed; timely filing and price-range disclosure support transparency.
The Form 4 identifies the reporting person as an officer (EVP, A&D Sector President) and discloses an open-market disposition. The filing includes a commitment to provide granular per-price sale details if requested, which enhances disclosure quality. No indication of Rule 10b5-1 plan or other pre-arranged plan is provided on the form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $44.3131 | $886K |
Footnotes (1)
- Represents the sale of shares in open market. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.13 to $44.48, 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.
FAQ
What insider transaction did TTMI officer Catherine Gridley report?
Was the Form 4 filed by multiple reporting persons for TTMI?
Does the Form 4 state the sale was pursuant to a 10b5-1 trading plan?