FORM FORMFACTOR INC

NEUTRAL Impact: 2/10 Insider Cluster (4 insiders)
Horizon days Filed May 22, 2026 Processed 23d 10h ago
Insider cluster: 4 insiders, $1.7M total
Latest settled — T+5d
FORM ▼ -15.69% at T+5d
NEUTRAL call ✗ call lost -15.69% · α vs SPY -16.77% · entry $136.48 → $115.07
Next anchor: T+20d in 8d
Last close $139.21 (close Jun 12) · +2.00% from $136.48 entry
Entry anchored
May 22, 04:43 PM ET
via Databento tick
T+1d
-2.12%
call -2.12% · α -2.07%
$133.59
settled 20d ago
T+5d
-15.69%
call -15.69% · α -16.77%
$115.07
settled 14d ago
T+20d
call — · α —
in 8d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Four FormFactor directors sold a total of $1.69M in open-market sales over a 7-day window (May 14–21, 2026), with three of the four trades clustered at ~$126/share near the stock's recent highs. The cluster is entirely director-level (no C-suite participation) and represents 0.017% of the $10B market cap — well below the 0.1% materiality threshold. The sales are likely routine portfolio diversification, not a bearish signal, especially given the absence of any C-suite selling or 10b5-1 pattern concerns.

Key Financial Metrics

Direction
selling
Total Value
$1.7M
Insiders
4

Actionable Insight

This cluster is routine director-level selling at a trivial fraction of market cap. No C-suite participation and no unusual concentration suggest liquidity-driven diversification rather than informed selling. Monitor for any C-suite open-market sales in the next 30 days, which would carry more signal.

Key Facts

  • Four directors sold a total of 13,478 shares for $1.69M in open-market transactions over May 14–21, 2026.
  • No C-suite executives (CEO, CFO, etc.) participated in the cluster — all sellers are directors.
  • Total sales represent 0.017% of FormFactor's $10B market cap, far below the 0.1% materiality threshold.
  • Three of four trades clustered at ~$126/share, near the stock's recent trading range.
  • Recent insider activity (30d) shows 4 sells totaling $1.7M, consistent with this cluster's scale.

Financial Impact

Total insider sales of $1.69M, representing 0.017% of market cap — immaterial.

insider ownershipfloat

Risk Factors

  • If additional C-suite selling emerges in the next 30 days, the signal would escalate.
  • The stock is near recent highs — directors may be taking profits, but the dollar amount is too small to be informative.

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-1779491097331
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

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