Desale Pravin 4/A

What Happened Pravin Desale, SVP of R&D at Lattice Semiconductor, received 3,697 shares as an incentive award under the company’s 2025 Corporate Incentive Plan and then disposed of all 3,697 shares to satisfy tax withholding and via an open-market sale. On March 9, 2026, 1,331 award shares were withheld by the issuer to cover taxes (reported as a tax-withholding disposition) at $90.63 per share for proceeds of $120,629. On March 10, 2026, the remaining 2,366 shares were sold in the open market at $92.41 per share for $218,642. Total proceeds from the dispositions were about $339,271. The award was reported with no purchase price.

Key Details

• Dates and prices:
  • 2026-03-09: Award of 3,697 shares (A) at $0.00 (incentive payment)
  • 2026-03-09: Tax-withholding disposition (F) of 1,331 shares @ $90.63 = $120,629
  • 2026-03-10: Open-market sale (S) of 2,366 shares @ $92.41 = $218,642
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: award under 2025 Corporate Incentive Plan; no purchase price for award; shares were retained by the issuer to meet tax withholding and amount withheld was not in excess of tax liability.
• Filing status: This is an amended Form 4 (code for the withholding transaction was corrected from “S” to “F”); no late-filing flag noted in the provided details.

Context This was an award (grant) followed by routine sell-to-cover (tax withholding) plus an open-market sale of the remaining award shares. The issuer-retained shares to satisfy taxes indicate a standard tax-withholding event rather than a separate voluntary sale; the remaining shares sold on the open market converted the award into cash. There is no inference about company prospects from routine award vesting and standard sell-to-cover activity.