Shaikh Erhaan 4

What Happened

• Erhaan Shaikh, Senior Vice President, Sales at Lattice Semiconductor, received 14,490 shares upon vesting of performance-based restricted stock units (PRSUs) on 2026-02-14 (no purchase price). To satisfy tax withholding obligations related to the vesting, the issuer retained (disposed) a total of 9,035 shares (1,950 and 7,085) at a reported price of $97.63 per share, totaling roughly $882,088 in share value retained.

Key Details

• Transaction date: February 14, 2026; filing date: February 17, 2026.
• Award: 14,490 shares issued on vesting of PRSUs (no cash paid by the insider).
• Withheld/retained shares for taxes: 1,950 shares ($190,379) and 7,085 shares ($691,709) at $97.63 each; combined ≈ $882,088.
• Footnotes:
  • F1: Shares retained by the issuer to meet the reporting person’s tax withholding obligations (not in excess of tax liability).
  • F2: Shares issued upon achievement of performance criteria for PRSUs granted 2025-02-14; vested 2026-02-14.
  • F3: RSUs—no purchase price for the transaction.
• Shares owned after the transaction: not stated in the provided excerpt.

Context

• This was an issuance/vesting of equity (award), not an open-market sale. The retained shares were used solely to cover tax withholding — a routine administrative step often seen when RSUs/PRSUs vest and does not necessarily indicate the insider is reducing net holdings.
• Performance RSUs vest upon attainment of specified goals; these PRSUs vested based on their performance criteria.