SLESSOR MIKE 4
4 · FORMFACTOR INC · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
FormFactor (FORM) CEO Mike Slessor Receives 5,908 Shares (RSU Vest)
What Happened
Mike Slessor, CEO and director of FormFactor (FORM), had restricted stock units (RSUs) convert into 5,908 shares of common stock on February 9, 2026. Of those shares, 3,288 were withheld to satisfy tax withholding obligations at $94.88 per share, generating proceeds of approximately $311,965. The filings show the RSUs converted into shares (derivative conversion) and the withholding (tax payment) as the only dispositions.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (within the typical 2-business-day window).
- RSU conversion: 5,908 shares acquired via conversion of RSUs (transaction code M).
- Tax withholding: 3,288 shares withheld/disposed to cover taxes at $94.88 / share for total ~$311,965 (transaction code F).
- Net shares delivered to Slessor after withholding: 5,908 − 3,288 = 2,620 shares (implicit from entries).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: RSUs were granted Aug 7, 2023 and vest in 12 quarterly installments through Aug 7, 2026; unvested RSUs are forfeited on termination unless other agreements apply (see F1–F4).
Context
- This was not an open-market sale or purchase; it was the routine vesting/settlement of RSUs with shares withheld to cover tax obligations (a common administrative step).
- Derivative code M indicates conversion/settlement of the award into shares; code F denotes shares withheld for taxes.
- Such withholding transactions are administrative and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
FORMFACTOR INCFORM
SLESSOR MIKE
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-09+5,908→ 483,038 total - Tax Payment
Common Stock
[F2]2026-02-09$94.88/sh−3,288$311,965→ 479,750 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-09−5,908→ 11,816 totalExercise: $0.00→ Common Stock (5,908 underlying)
Footnotes (4)
- [F1]These shares of common stock reflect the settlement of restricted stock units of the Issuer. Each Restricted Stock Unit (RSU) is convertible into a share of common stock on a 1-for-1 basis.
- [F2]Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
- [F3]The Restricted Stock Units granted on August 7, 2023 vest in twelve (12) quarterly installments beginning on November 7, 2023 and ending on August 7, 2026 and will be settled into shares of common stock on or following the vesting dates.
- [F4]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.
Signature
/s/ Stan Finkelstein, Attorney-in-fact for Mike Slessor|2026-02-11