Desale Pravin 4
Research Summary
AI-generated summary
Lattice (LSCC) SVP Pravin Desale Withholds 593 Shares for Taxes
What Happened
- Pravin Desale, SVP, R&D at Lattice Semiconductor Corp (LSCC), had 593 shares retained by the company to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $120.11 each, totaling $71,225. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-05-16; filing date: 2026-05-18 (appears timely under the 2-business-day Form 4 rule).
- Price per share: $120.11; Shares retained/treated as disposed: 593; Total value: $71,225.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The issuer retained the shares to meet the Reporting Person’s tax withholding obligations for an RSU installment; the amount withheld was not in excess of the tax liability (Footnote F1).
- Transaction code: F (payment of exercise price or tax liability via share withholding).
Context
- This is a routine tax-withholding event tied to RSU vesting (a net settlement/cashless withholding), not a market sale or purchase. Such withholdings are common and do not by themselves indicate insider buying or selling sentiment.