Form 4: Lattice Semiconductor CFO Sherri R. Luther Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Sherri R. Luther, SVP and CFO of Lattice Semiconductor, sold shares of common stock on May 21, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Sherri R. Luther, the SVP and CFO of Lattice Semiconductor Corp, sold shares of the company's common stock on May 21, 2024.
- The sales were executed under a pre-arranged 10b5-1 trading plan adopted on November 29, 2023.
- A total of 10,654 shares were sold at a weighted average price of $71.82, with individual prices ranging from $71.494 to $72.095.
- An additional 5,811 shares were sold at a weighted average price of $72.26, with individual prices ranging from $72.11 to $72.605.
- Following these transactions, Luther directly owns 109,116 shares of Lattice Semiconductor common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock sales under a pre-arranged plan. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under a 10b5-1 plan are generally viewed as less informative.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 11/29/2023 | Adoption date of the 10b5-1 trading plan |
| 05/21/2024 | Date of the stock sale transactions |
| 05/22/2024 | Date of the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.