Ultra Clean Holdings 10-Q/A Report: Executive Trading Plans & Compliance Insights

Here are the key insights extracted from the financial report section provided:

1. Company Information:

• Name: Ultra Clean Holdings, Inc.
• CIK: 0001275014
• Address: 26462 Corporate Avenue, Hayward, CA 94545
• Contact: 510-576-4400
• Ticker Symbol: UCTT
• Exchange: NASDAQ
• Filing Type: 10-Q/A
• Filer Status: Large Accelerated Filer
  

2. Period of Reporting:

• Start Date: December 30, 2023
• End Date: March 29, 2024

3. Trading Plans:

• James P. Scholhamer (CEO):
• • Plan Adoption Date: March 8, 2024
  • Shares Available for Sale: Up to 90,268 shares of common stock.
  • Minimum Price Thresholds: Subject to certain minimum price thresholds.
  • Plan Expiration Date: March 7, 2025.
  • Rule Compliance: Plan intended to satisfy Rule 10b5-1(c) under the Exchange Act.
• Sheri Savage (CFO):
• • Plan Adoption Date: March 8, 2024
  • Shares Available for Sale:
  • Up to 41,125 shares held outright.
  • Additional sale of net shares received upon vesting of 22,111 gross shares of restricted and performance stock units, after tax withholdings.
  • Plan Expiration Date: August 29, 2025.
  • Rule Compliance: Plan intended to satisfy Rule 10b5-1(c) under the Exchange Act.

4. Regulatory Flags:

• Both trading plans indicate that neither executive has adopted a non-rule 10b5-1 arrangement, nor have they indicated any terminations associated with Rule 10b5-1.

5. Key Dates:

• Instant Reporting Date: January 24, 2025 (notable for future reporting).

This section of the financial report highlights the company's compliance with SEC regulations regarding trading plans by its executive officers, outlining the structured approach to stock sales and ensuring adherence to legal standards.