Officer Jure Sola Files Intent to Sell $27.1M in Sanmina Stock
Summary
An officer of Sanmina Corporation, Jure Sola, has filed a Form 144 indicating an intent to sell 118,368 shares of common stock, valued at approximately $27.1 million.
Key Events
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Officer Files Intent to Sell Shares
Jure Sola, an officer, filed a Form 144 to sell 118,368 shares of common stock.
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Significant Value of Proposed Sale
The proposed sale has an approximate market value of $27.1 million.
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Shares Acquired as Performance Awards
The shares intended for sale were acquired as performance shares on December 31, 2024.
Analysis
This Form 144 filing signals an intent by Jure Sola, an officer of Sanmina, to sell a substantial block of shares. The proposed sale of approximately $27.1 million represents a notable disposition of stock by an insider. While the shares were acquired as performance shares, the intent to sell indicates a reduction in direct ownership by a key executive. This follows a pattern of insider distribution observed over the last 90 days.
At the time of this filing, SANM was trading at $225.41 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $12.8B. The 52-week trading range was $77.35 to $238.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.