Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Recent sales of unregistered securities
+Added: On January 10, 2025, Advantest America, Inc., a Delaware corporation, acquired 334,971 shares of FormFactor's common stock in a private placement for $44.78 per share, representing the 5-day trailing volume-weighted average price prior to signing the related private placement agreement.
Repurchase of Common Stock
−Removed: The following table summarizes our repurchases of outstanding common stock for the three months ended September 28, 2024:
+Added: The following table summarizes our repurchases of outstanding common stock for the three months ended March 29, 2025:
Period (fiscal months) Total Number of Shares Purchased Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Amount that May Yet Be Purchased Under the Plans or Programs (1)(2)
−Removed: June 30, 2024 - July 27, 2024 — $ — — $ 53,532,725
−Removed: July 28, 2024 - August 24, 2024 405,732 41.68 405,732 36,623,543
−Removed: August 25, 2024 - September 28, 2024 — — — 36,623,543
+Added: December 29, 2024 - January 25, 2025 — $ — — $ 20,530,755
+Added: January 26, 2025 - February 22, 2025 132,446 35.21 132,446 15,867,331
+Added: February 23, 2025 - March 29, 2025 532,554 32.81 532,554 —
665,000 $ 33.29 665,000
1 In October 2023, our Board of Directors authorized a program to repurchase up to $75.0 million of outstanding common stock to offset potential dilution from issuances of our common stock under our employee stock purchase plan and equity incentive plan.
−Removed: Under the authorized stock repurchase program, we may repurchase shares from time to time on the open market.
−Removed: The pace of repurchase activity will depend on levels of cash generation, current stock price and other factors.
−Removed: The program may be modified or discontinued at any time.
−Removed: This share repurchase program will expire October 2025.
−Removed: 2 Amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax.
−Removed: This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable.
+Added: In March 2025, our Board of Directors approved an increase to the repurchase plan, authorizing the repurchase of an additional $1.6 million shares.
+Added: As of March 29, 2025, this program was fully utilized.
+Added: 2 Amounts exclude the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax.
+Added: This excise tax is recorded in equity and excluded from the amount available under the repurchase program.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.