TTM Tech Executive's Stock Sale Tied to RSU Tax Payment - What Investors Should Know

Rhea-AI Filing Summary

TTM Technologies President Robert P. Farrell reported a significant insider transaction on June 23, 2025. The executive disposed of 2,930 shares at a weighted average price of $36.35 per share (ranging from $35.64 to $36.97) through a Form F transaction.

The sale was executed under a pre-arranged 10b5-1 Sales Plan specifically to cover tax obligations related to the vesting of Restricted Stock Units (RSUs). Following the transaction, Farrell maintains direct ownership of 18,368 shares of TTM Technologies common stock.

This transaction appears to be a routine tax-related sale rather than a discretionary divestment, as it was conducted under a predetermined trading plan and specifically tied to RSU vesting obligations. The filing indicates no changes in derivative securities holdings.

Positive

• The transaction was executed according to a pre-planned 10b5-1 Sales Plan, demonstrating good corporate governance and compliance
• The insider (Robert P. Farrell, President) retains significant ownership with 18,368 shares after the transaction, showing continued alignment with shareholder interests

Negative

• The insider sold 2,930 shares at an average price of $36.35, though this was specifically for tax liability purposes
• The sale price range ($35.64 - $36.97) shows some price variation during the execution of the trades

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^*

Farrell Robert P.

(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)
	President C&C

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		2,930(1)	D	$36.3463(2)	18,368	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 $35.64 - $36.97, 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

What insider trading activity occurred at TTMI on June 23, 2025?

Robert P. Farrell, President C&C at TTM Technologies, disposed of 2,930 shares of Common Stock at a weighted average price of $36.3463 per share. Following this transaction, he now owns 18,368 shares directly.

Why did TTMI's President C&C Robert Farrell sell shares on June 23, 2025?

The shares were sold pursuant to a 10b5-1 Sales Plan specifically to pay the tax liability related to the vesting of RSUs (Restricted Stock Units). This was not a discretionary sale but rather a planned transaction for tax purposes.

What was the price range of TTMI shares sold in the insider transaction on June 23, 2025?

The shares were sold in multiple transactions at prices ranging from $35.64 to $36.97 per share, with a weighted average price of $36.3463.

How many TTMI shares does Robert Farrell own after the June 23, 2025 transaction?

Following the reported transaction, Robert Farrell beneficially owns 18,368 shares of TTM Technologies Inc (TTMI) directly.

Was TTMI insider Farrell's stock sale on June 23, 2025 made under Rule 10b5-1?

Yes, the sale was executed pursuant to a 10b5-1 Sales Plan, which is a pre-planned trading arrangement that helps insiders establish an affirmative defense against allegations of insider trading.