Director St Dennis Thomas sold $424K in FORM, cutting his directly held stake by 9.0% at a price 70.2% above the 90-day low. This sale continues a long-term selling pattern for the director and aligns with four other recent director sales, indicating a broader trend of insider distribution.

Where it could go — Analyst mean target not provided; bear case if stock breaks the recent low of $112.31.

CEO Mike Slessor sold $1.4M worth of FORM at $121.35, a 2.7% stake reduction, entering at a price 23.7% below the 90-day high. This sale is the 11th in his tenure with zero buys, fitting a consistent pattern of gradual stake reduction rather than a reaction to recent price weakness. Bear: breaks the recent support near $112.31.

Where it could go — Broad base rate 57.1% positive at 90d; bear breaks $112.31.

Director Rhodes Sheri sold $794K worth of FORM shares at $125.40, reducing her stake by 54% in her first-ever transaction. This sale continues a pattern of director selling at FORM with no insider buying activity, suggesting potential concerns at the director level despite the stock trading 21% below its 90-day high.

Where it could go — Analyst mean target data unavailable; bear case if stock breaks below recent $112 support level.

Director Rebeca Obregon-Jimenez sold $484K worth of FORM shares at $126.47, reducing her stake by 32.7% in her first-ever sale. This isolated, sizable reduction by a director is a bearish signal, though its impact is muted without a cluster of other insiders selling and with the stock trading 20.5% below its 90-day high.

Where it could go — Analyst mean target data unavailable; bear case strengthens if stock breaks the recent $112.31 low.

Director Brian White sold $410K of FORM shares at $126, reducing his stake by 27% while the stock traded 21% below its 90-day high. This first-time sale by a director with no other insider buyers suggests diminished confidence despite the stock's recovery from recent lows.

Where it could go — Analyst mean target unavailable; bear case if stock breaks $112 support level.

Director St Dennis Thomas sold $116K worth of FORM shares, reducing his stake by 3% at a price 27% below the 90-day high. This first-time sale of a small holding is routine diversification, not a strong bearish signal, given the lack of any other insider buyers and a HOLD analyst consensus.

Where it could go — Analyst mean target not provided; bear case if stock breaks the 90-day low of $81.01.

CEO Mike Slessor sold $161K worth of FORM stock, a 0.3% reduction to his $56M stake, at a price 22% below the 90-day high. This first-time sale is too small to signal a loss of confidence, especially with no other insiders buying, and is more likely routine portfolio management.

Where it could go — Analyst mean target unavailable; bear case if stock breaks the recent low near $121.

CEO Mike Slessor sold $161K worth of FORM stock, a 0.3% reduction to his $56M stake, at a price 22% below the 90-day high. This first-time sale is too small to signal a loss of confidence, especially with no other insiders buying, and is more likely routine portfolio management.

Where it could go — Analyst mean target unavailable; bear case if stock breaks the recent low near $121.

CEO Mike Slessor sold $161K worth of FORM stock, a 0.3% reduction to his $56M stake, at a price 22% below the 90-day high. This first-time sale is too small to signal a loss of confidence, especially with no other insiders buying, and is more likely routine portfolio management.

Where it could go — Analyst mean target unavailable; bear case if stock breaks the recent low near $121.