Lattice Semiconductor CFO Lorenzo Flores Exercises Options, Shares Withheld

What Happened

• Lorenzo Flores, SVP and CFO of Lattice Semiconductor (LSCC), reported an exercise/conversion on 2026-06-30 in which 317 shares were acquired at $66.85 per share (total value $21,192).
• Separately, on 2026-07-10 the issuer retained/withheld 577 shares at $137.44 per share (total value $79,303) to satisfy the reporting person’s tax withholding obligations related to a vesting installment of restricted stock units. The exercise (code M) represents an acquisition; the withholding (code F) is a routine tax-related disposition.

Key Details

• Transaction dates and amounts:
  • 2026-06-30: Exercise/conversion (M) — 317 shares @ $66.85 = $21,192 (acquired).
  • 2026-07-10: Tax withholding/retention (F) — 577 shares @ $137.44 = $79,303 (disposed/retained by issuer).
• Shares owned after the reported transactions: Not disclosed in the filing.
• Footnotes:
  • F1: The acquisition reflects participation in the Issuer’s 2012 ESPP and was exempt under Rule 16b-3(c)/(d).
  • F2: The 577 shares were retained by the issuer to meet the reporting person’s tax withholding obligation for an RSU vesting; the withheld amount was not in excess of the tax liability.
• Filing timeliness: Form 4 filed 2026-07-14. The 2026-06-30 exercise appears to have been filed more than two business days after the transaction (i.e., late under typical Form 4 timing rules).

Context

• Code M indicates an option exercise/conversion (insider acquired shares). Code F indicates shares were withheld/retained by the company to cover tax withholding — a routine administrative action that does not necessarily signal a change in the insider’s market view.
• Purchases/acquisitions (like exercises) can be interpreted as stronger signals than routine tax withholding; however, filings are factual and do not state motivation.