Loparco Michael J 4
Research Summary
AI-generated summary
Sanmina (SANM) Director Michael J. Loparco Buys 700 Shares
What Happened
Michael J. Loparco, a director of Sanmina Corp (SANM), purchased 700 shares on the open market on January 30, 2026, at $142.46 per share for a total of about $99,722. This was a straightforward open-market purchase (Transaction Code: P), which is typically viewed as a direct insider buy rather than a sale or option exercise.
Key Details
- Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-03 (filed within the required reporting window).
- Price and amount: 700 shares at $142.46 each; total ≈ $99,722.
- Transaction type/code: P = Purchase.
- Footnote F1: Shares purchased on the open market.
- Shares owned after the transaction: Not specified in the provided filing.
Context
- Open-market purchases are direct insider buys and can signal confidence by the insider, though one transaction alone does not prove broader insider sentiment.
- The Form 4 was filed on 2026-02-03, which is within the standard two-business-day reporting requirement for insider transactions, so this appears to be a timely report.