Form 4: Lattice Semiconductor Executive Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Pravin Desale, SVP of R&D at Lattice Semiconductor, sold 4,387 shares of common stock at an average price of $50.01, under a pre-arranged 10b5-1 trading plan.
Summary
- Pravin Desale, a Senior Vice President at Lattice Semiconductor, sold 4,387 shares of the company's common stock.
- The sale occurred on November 18, 2024.
- The shares were sold at a weighted average price of $50.01.
- The transactions were executed under a pre-arranged 10b5-1 trading plan adopted on August 19, 2024.
- The sale was executed in multiple trades with prices ranging from $49.42 to $50.41.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among publicly traded companies to allow insiders to sell shares without the appearance of trading on non-public information.
- The sale of shares by an executive is a common occurrence and does not necessarily indicate a negative outlook for the company.
- Similar filings are regularly made by executives at comparable semiconductor companies such as Xilinx (now part of AMD) and Microchip Technology.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-arranged nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Adoption date of the 10b5-1 trading plan. |
| 11/18/2024 | Date of the stock sale transaction. |
| 11/20/2024 | Date the Form 4 was signed. |
Keywords
insider trading, 10b5-1 plan, stock sale, Lattice Semiconductor, executive transaction, equity securities
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