Form 4: Lattice Semiconductor SVP, Sales, Mark Jon Nelson, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, sold 1,850 shares of common stock at an average price of $57.9243, under a pre-arranged 10b5-1 trading plan.
Summary
- Mark Jon Nelson, Senior Vice President of Sales at Lattice Semiconductor, executed a sale of 1,850 shares of the company's common stock on December 6, 2024.
- The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on September 6, 2024.
- The shares were sold at a weighted average price of $57.9243, with individual trades ranging from $57.37 to $58.78.
- Following the transaction, Nelson directly owns 14,279 shares of Lattice Semiconductor common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's performance.
Industry Context
This is a routine filing related to insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of trading on inside information.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies like Lattice Semiconductor, similar to practices at companies such as Xilinx (now part of AMD) and Intel.
- The reported transaction is typical for executives managing their personal finances while adhering to SEC regulations, and is similar to filings made by executives at comparable semiconductor companies.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates any significant concerns.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Adoption date of the 10b5-1 trading plan. |
| 12/06/2024 | Date of the stock sale transaction. |
| 12/09/2024 | Date the Form 4 was signed. |
Keywords
Lattice Semiconductor, insider trading, Form 4, 10b5-1 plan, stock sale, executive transaction, LSCC
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