Form 4: Lattice Semiconductor Executive Sells Shares Following RSU Vesting

A Lattice Semiconductor executive, Pravin Desale, sold shares to cover tax obligations after restricted stock units vested, and also sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Pravin Desale, a Senior Vice President at Lattice Semiconductor, engaged in multiple transactions involving the company's common stock.
• On December 11, 2024, 1,705 restricted stock units (RSUs) vested, resulting in the acquisition of 1,705 shares.
• To cover tax obligations related to the vesting, 609 shares were withheld by the issuer at a price of $63.005 per share.
• On December 12, 2024, 1,096 shares were sold at a weighted average price of $62.5393 per share under a pre-arranged 10b5-1 trading plan.
• Following these transactions, Mr. Desale directly owns 365 shares of Lattice Semiconductor common stock and 18,758 RSUs.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and pre-planned stock sales, with no indication of positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although these sales appear to be routine and planned.
• The stock price could be affected by the volume of shares sold by insiders.

Industry Context

This is a routine filing related to executive compensation and pre-planned stock sales, which is common in the technology industry.

Comparison to Industry Standards

• The use of restricted stock units and 10b5-1 trading plans is a standard practice for executive compensation in publicly traded companies like Lattice Semiconductor.
• Many technology companies use similar mechanisms to align executive interests with shareholder value and manage tax obligations.
• Comparable companies such as Xilinx (now part of AMD) and Altera (now part of Intel) also utilize similar compensation and trading plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are routine and pre-planned.
• The sales may slightly increase the supply of shares in the market.

Key Dates

Keywords

Lattice Semiconductor, insider trading, Form 4, stock sale, restricted stock units, RSU, 10b5-1 plan, executive compensation