Savage Sheri 4
Research Summary
AI-generated summary
Ultra Clean (UCTT) CFO Sheri Savage Sells 15,766 Shares
What Happened
- Sheri Savage, Chief Financial Officer of Ultra Clean Holdings, reported multiple open‑market sales on June 4, 2026. She disposed of a total of 15,766 shares across several transactions, generating approximately $1,410,556 in proceeds. Individual trades ranged from about $85.76 to $91.95 per share; the weighted average price across the reported lots was roughly $89.47.
- These were outright sales (code S) — routine insider selling rather than a purchase or option exercise — and do not, by themselves, indicate the company’s prospects.
Key Details
- Transaction date: June 4, 2026; Filing date: June 9, 2026 (filed five days after the trades).
- Shares sold: 15,766; Total proceeds: ~$1,410,556; Average price ≈ $89.47.
- Reported sale price ranges (by footnotes): about $85.76 to $91.95 across multiple lots (see filing footnotes F1–F16 for per‑lot ranges).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable filing items: All trades are reported as open‑market sales. The filing includes footnotes indicating weighted average prices and multiple sale prices within listed ranges. No 10b5‑1 plan, gift, exercise, or tax‑withholding notation is stated in the provided data.
- Timeliness: The Form 4 was filed five days after the trades; SEC rules generally require Form 4 within two business days, so this appears later than typical (may be administrative/clerical).
Context
- Sales by executives can be routine (diversification, tax planning, stock‑based compensation liquidation) and are not necessarily a signal about company fundamentals. Purchases would generally be considered a stronger signal of insider bullishness.
- Because multiple lots and weighted‑average footnotes are used, the filing aggregates many separate trades; the filing offers to provide exact per‑trade breakdowns on request (per the footnotes).