FORM FORMFACTOR INC

NEUTRAL Impact: 2/10 Insider Cluster (5 insiders)
Horizon days Filed May 21, 2026 Processed 24d 10h ago
Insider cluster: 5 insiders, $1.8M total
Latest settled — T+5d
FORM ▼ -10.79% at T+5d
NEUTRAL call ✗ call lost -10.79% · α vs SPY -12.47% · entry $128.99 → $115.07
Next anchor: T+20d in 7d
Last close $139.21 (close Jun 12) · +7.92% from $128.99 entry
Entry anchored
May 21, 03:59 PM ET
via Databento tick
T+1d
+5.81%
call +5.81% · α +5.22%
$136.48
settled 24d ago
T+5d
-10.79%
call -10.79% · α -12.47%
$115.07
settled 17d ago
T+20d
call — · α —
in 7d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

FormFactor executives and directors sold a total of $1.81M in open-market stock over a 7-day window. All four selling events were small relative to the company's $9.8B market cap (~0.018%), making this a routine, low-significance cluster. The CEO's $86K sale is negligible and the two largest sellers are non-C-suite directors. Grant/award transactions ($0 value) are non-cash and do not signal bearish intent. Per the literature, insider sales clusters are weak predictors — especially when dollar values are trivial relative to market cap.

Key Financial Metrics

Direction
selling
Total Value
$1.8M
Insiders
5

Actionable Insight

This cluster carries no signal. No C-suite conviction selling: the CEO's $86K sale is a rounding error, and all sellers are directors with small positions relative to market cap. Look elsewhere — earnings, guidance, or product cycle — for FormFactor's next catalyst. The historical win rate on FORM reports has been high, but that is noise for this trivial event.

Key Facts

  • Total open-market sales: $1.81M across 4 transactions from 4 insiders
  • CEO Mike Slessor sold only 700 shares for $86K — a de minimis amount
  • Total sales represent ~0.018% of FormFactor's $9.8B market cap
  • 3 directors were also granted 1,347 shares each at $0 on 5/15 — non-cash awards with no market impact
  • No insider purchases occurred in the cluster window
  • Recent 30d insider activity showed 4 other sells totaling $1.7M — consistent pattern of routine selling

Financial Impact

$1.81M in sales, or ~0.018% of market cap

Risk Factors

  • No bearish read-through — these are routine liquidity / diversification sales
  • Ignore grant/award transactions — they are non-cash and non-directional

Market Snapshot

Exchange
Nasdaq
Sector
Semiconductors & Related Devices
Analyst Consensus
44% bullish (16 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-FORM-1779400307786
6 reports for FORM
Performance horizon
Filters
Rows
Reports for FORM — sortable, filterable
Type Now
May 22, 2026
23d ago
Insider Cluster
NEUTRAL ★ 2/10
$136.48 $115.07▼ −15.69%▼ −16.77%$139.21 (+2.00%)
May 21, 2026
24d ago
Insider Cluster
NEUTRAL ★ 2/10
$128.99 $115.07▼ −10.79%▼ −12.47%$139.21 (+7.92%)
May 21, 2026
24d ago
Insider Cluster
NEUTRAL ★ 2/10
$128.99 $115.07▼ −10.79%▼ −12.45%$139.21 (+7.92%)
May 15, 2026
4w ago
Insider Cluster
NEUTRAL ★ 3/10
$117.42 $136.48▲ +16.23%▲ +14.61%$139.21 (+18.56%)
May 15, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$117.42 $136.48▲ +16.23%▲ +14.61%$139.21 (+18.56%)
May 15, 2026
4w ago
144
NEUTRAL ★ 2/10
$126.27 $128.99▲ +2.15%▲ +1.19%$139.21 (+10.25%)
Showing 6 of 6

US Market Status

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