Overview
FormFactor Inc (NASDAQ:FORM) said in a Securities and Exchange Commission Form 4 filing that Chief Executive Officer Mike Slessor sold 11,204 shares of the company's common stock on April 15, 2026. The transactions were carried out in several tranches at prices between $125.24 and $129.22, producing aggregate proceeds of approximately $1.44 million.
Mechanics of the sale and ownership
The disclosure notes that the disposals were executed automatically under a Rule 10b5-1 trading plan Slessor established on August 19, 2025. After these sales, Slessor retains direct ownership of 449,565 shares of FormFactor common stock.
Market context and valuation
FormFactor's share price was reported at $129.67, trading close to its 52-week high of $136 and reflecting a 373% return over the past year. The filing cites an analysis indicating the stock looks overvalued relative to its Fair Value, with a price-to-earnings ratio of 188.71.
Recent financial results
In other disclosures, FormFactor reported fourth-quarter 2025 results that beat expectations on both earnings and revenue. The company posted earnings per share of $0.46 versus a consensus forecast of $0.35, and revenue of $215.2 million compared with an anticipated $210.25 million. Despite the stronger-than-expected results, the company’s shares declined during regular trading hours on the report.
Analyst action and capacity note
Cantor Fitzgerald has raised its price target for FormFactor to $125 from $100 and kept an Overweight rating, citing a strong demand outlook while flagging that growth could be limited by capacity constraints.
What is and is not represented
The filing and accompanying commentary describe the mechanics of the insider sale, current ownership, valuation metrics cited, recent quarterly performance, the near-term price target adjustment and the market reaction. The report also references availability of Pro Research Reports covering FormFactor among a broader coverage universe.
This article focuses exclusively on the facts disclosed in SEC filings, company results and cited analyst commentary. It does not speculate beyond those statements.