TTM Technologies President cuts stake by 39% in insider sale

Rhea-AI Filing Summary

TTM Technologies (TTMI) – Form 4 insider transaction

On 08/05/2025, President of A&D Interconnect Solutions Tom Clapprood disclosed the sale of 15,000 common shares in an open-market transaction. The weighted-average sale price was $44.6785 (price range $44.30-$45.09). Following the trade, his direct ownership falls to 23,531 shares, a reduction of roughly 39 % from the prior 38,531-share position.

No derivative securities were exercised and the filing does not reference a Rule 10b5-1 trading plan, suggesting the sale was discretionary. While the transaction is numerically small versus TTMI’s outstanding share count, insider selling—especially by a senior executive—can be viewed as a modestly negative sentiment signal for investors monitoring management’s confidence.

Positive

• None.

Negative

• Senior officer sold 15,000 shares (~39 % of his direct holdings) without a stated 10b5-1 plan, potentially signaling reduced confidence.

Insights

Financial Analyst

TL;DR: Small insider sale; limited fundamental impact but mildly bearish signal.

The 15,000-share disposition represents ≈39 % of Clapprood’s direct stake yet less than 0.02 % of TTMI’s shares outstanding, so it is immaterial to liquidity and EPS. Absent concurrent earnings or strategic news, I view the event as sentiment-driven rather than fundamental. Insider selling becomes noteworthy only if part of a broader pattern; at present, market impact should be minimal.

Corporate Governance Specialist

TL;DR: Officer trims holdings by 39 %; could raise governance optics.

Executives are expected to align interests with shareholders. A discretionary sale of this magnitude—without a disclosed 10b5-1 plan—may prompt governance analysts to question incentive alignment. Although not necessarily indicative of future performance, repeated or larger disposals could weaken investor trust. Monitoring subsequent filings is advisable.

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).

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^*

Clapprood Tom

(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)
	PresA&D Interconnect Solutions

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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	08/05/2025		S		15,000(1)	D	$44.6785(2)	23,531	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 in open market.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.30 to $45.09, 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	08/05/2025
	** 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 Tom Clapprood sell?

He sold 15,000 common shares on 08/05/2025.

What was the average sale price in the Form 4?

The weighted-average price was $44.6785, with trades between $44.30 and $45.09.

How many TTMI shares does Clapprood own after the sale?

His direct ownership is now 23,531 shares.

Was a Rule 10b5-1 trading plan disclosed?

No. The filing does not mention that the transaction was executed under a 10b5-1 plan.

Does this insider sale materially affect TTMI’s share count?

No. The sale equals less than 0.02 % of total shares outstanding and is not financially material to the company.