SLESSOR MIKE 4
4 · FORMFACTOR INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
FormFactor (FORM) CEO Mike Slessor Sells Shares
What Happened
Mike Slessor, CEO and director of FormFactor, reported three open-market sales on 2026-02-18 totaling 8,664 shares for aggregate proceeds of approximately $815,597. The transactions were: 834 shares at a weighted average price of $92.85 (≈ $77,437), 4,934 shares at $93.97 (≈ $463,648), and 2,896 shares at $94.79 (≈ $274,512). These were sales (not purchases) and thus are generally routine dispositions rather than a direct bullish signal.
Key Details
- Transaction date: February 18, 2026. Transaction type: Sale (code S).
- Per-trade details:
- 834 shares @ $92.85 (weighted avg; price range reported $92.375–$93.36) — ≈ $77,437.
- 4,934 shares @ $93.97 (weighted avg; price range reported $93.44–$94.35) — ≈ $463,648.
- 2,896 shares @ $94.79 (weighted avg; price range reported $94.36–$95.25) — ≈ $274,512.
- Total sold: 8,664 shares for ≈ $815,597.
- Footnotes: Sales occurred automatically under a Rule 10b5-1 trading plan adopted August 19, 2025. The reporting person notes weighted-average prices and provides price ranges; full per-price breakdown is available on request to the SEC or a security holder.
- Shares owned after the transaction: not disclosed in the provided filing.
- Filing timeliness: Reported on 2026-02-18 (period of report matches transaction date); no late filing indicated in the provided data.
Context
These sales were executed under a pre-established 10b5-1 plan, which typically means trades were pre-planned and not necessarily prompted by recent, nonpublic company information. For retail investors, purchases often carry more interpretive weight than routine insider sales; this filing documents routine insider liquidity rather than a change in control or an option exercise.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-18$92.85/sh−834$77,437→ 478,916 total - Sale
Common Stock
[F1][F3]2026-02-18$93.97/sh−4,934$463,648→ 473,982 total - Sale
Common Stock
[F1][F4]2026-02-18$94.79/sh−2,896$274,512→ 471,086 total
Footnotes (4)
- [F1]The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on August 19, 2025.
- [F2]Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $92.375 through $93.36. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F3]Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $93.44 through $94.35. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $94.36 through $95.25. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.