Mike Slessor - Feb 5, 2025 Form 4 Insider Report for FORMFACTOR INC (FORM)

Signature
/s/ Stan Finkelstein, Attorney-in-fact for Mike Slessor
Stock symbol
FORM
Transactions as of
Feb 5, 2025
Transactions value $
-$88,449
Form type
4
Date filed
2/6/2025, 04:46 PM
Previous filing
Feb 3, 2025
Next filing
Feb 10, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +3.64K +0.7% $0.00 522K Feb 5, 2025 Direct
transaction FORM Common Stock Tax liability -$88.4K -2.15K -0.41% $41.12 520K Feb 5, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FORM Restricted Stock Units Options Exercise $0 -3.64K -9.09% $0.00 36.4K Feb 5, 2025 Common Stock 3.64K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F2 The Restricted Stock Units granted on August 5, 2024 vest in twelve (12) quarterly installments beginning on November 5, 2024 and end on August 5, 2027 and will be settled into shares of common stocks on or following the vesting date.
F3 If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.