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 1,210 shares of common stock at a price of $72.97 per share on May 20, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 20, 2024, Mark Jon Nelson, the SVP of Sales at Lattice Semiconductor Corp (LSCC), sold 1,210 shares of the company's common stock.
- The transaction was executed at a price of $72.97 per share.
- Following the transaction, Nelson directly owns 14,554 shares of Lattice Semiconductor Corp.
- The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on August 24, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares under a pre-existing plan.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 08/24/2023 | Date of adoption of the 10b5-1(c) plan. |
| 05/20/2024 | Date of the transaction (sale of shares). |
| 05/21/2024 | Date of signature of the Form 4 filing. |
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