FormFactor CEO Mike Slessor Sells Shares Under Prearranged Trading Plan
Mike Slessor, CEO of FormFactor (NASDAQ:FORM), sold 17,510 shares on September 16, 2026, under a Rule 10b5-1 trading plan. The transaction was non-discretionary and executed at an average price of $104.73 per share for approximately $1.8 million in total value. Slessor still holds over 466,694 shares directly worth around $49 million as of the sale date. The stock had delivered a strong one-year return of 229% prior to this transaction and closed at $104.82 on September 16, 2026. The company reported significant financial performance in its most recent quarter with revenue growing by 32% year-over-year and an operating margin reaching 22%. FormFactor remains a major player in the semiconductor testing industry with proprietary probe card technology. The sale is unlikely to raise concerns for investors, as it was conducted under prearranged terms designed to avoid insider trading implications. Slessor's continued large equity stake suggests alignment of interests between management and shareholders.
Tickers: $FORM
Topics: ceo_sales sec_filing semiconductors