Desale Pravin 4

What Happened
Desale Pravin, Senior Vice President of R&D at Lattice Semiconductor (LSCC), exercised or converted a derivative to acquire 317 shares on 2026-06-30 at $66.85 per share (total value $21,192). Separately, on 2026-07-10, 504 shares were surrendered/retained by the issuer to satisfy tax withholding obligations at an effective value of $137.44 per share (approximately $69,270). The exercise is an acquisition (a buy/convert); the later action is a routine tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-06-30 — Exercise/conversion (code M): 317 shares @ $66.85 (acquired), total ~$21,192.
  • 2026-07-10 — Tax withholding/payment (code F): 504 shares @ $137.44 (disposed/retained), total ~$69,270.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes:
  • F1: The acquired shares reflect participation in the Issuer’s 2012 Employee Stock Purchase Plan (ESPP) via payroll deductions and were exempt under Rule 16b-3 provisions.
  • F2: The 504 shares were retained by the issuer to meet the reporting person’s tax withholding obligations related to the vesting of restricted stock units; the amount withheld was not in excess of the tax liability.
• Filing timeliness: Form 4 was filed on 2026-07-14. The June 30 acquisition was reported later than the typical 2-business-day requirement (appears late); the July 10 withholding was included in the same filing.

Context

• The 317-share action was an exercise/conversion of a derivative (not an open-market purchase); the later transfer of 504 shares was a cashless-type or withholding action to cover taxes on vested RSUs. Such withholding disposals are routine and do not necessarily indicate a decision to sell shares on the open market.