Srinivas Vedula - 10 Feb 2024 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role: SVP, Customer Success
Signature: By: Mark R. Slicer For: Srinivas Vedula
Issuer symbol: ONTO
Transactions as of: 10 Feb 2024
Transactions value $: -$205,571
Form type: 4
Filing time: 12 Feb 2024, 16:42:20 UTC
Previous filing: 05 Sep 2023
Next filing: 16 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONTO	Common Stock	Tax liability	-$206K	-1.14K	-6.34%	$180.01	16.9K	10 Feb 2024	Direct	F1, F2
transaction	ONTO	Common Stock	Options Exercise	$0	+1.63K	+9.68%	$0.00	18.5K	10 Feb 2024	Direct	F3

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	ONTO	Performance Stock Unit	Options Exercise	$0	-817	-100%	$0.00^*	0	10 Feb 2024	Common Stock	817		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock unit or performance stock unit grants previously received by the Reporting Person.
F2	Includes shares purchased pursuant to the Issuer's Employee Stock Purchase Plan.
F3	This transaction represents the settlement of performance stock units ("PSUs") granted on February 10, 2022 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 10, 2024 as a result of the satisfaction of the performance criteria at 200% of the target.