Lattice (LSCC) SVP Pravin Desale Receives RSUs and Sells Shares

What Happened Pravin Desale, Senior VP of R&D at Lattice Semiconductor (LSCC), received 8,713 performance-based restricted stock units (PRSUs) that vested on Sept 11, 2026. The filing shows the 8,713 shares were issued at $0.00 (award). To satisfy tax obligations and execute a planned sale, 5,303 shares were retained by the issuer for tax withholding (869 and 4,434 shares) and 2,039 shares were sold in the open market on Sept 14, 2026 at $111.83 each for $228,021. The combined value of the withheld shares and the open-market sale is approximately $863,108 (retained ~$635,087; sale ~$228,021).

Key Details

• Transaction dates & details:
  • 2026-09-11: 8,713 PRSUs vested and were issued to Desale (reported as acquisition, $0.00 per share).
  • 2026-09-11: Issuer retained 869 shares (value reported $104,071) and 4,434 shares (value reported $531,016) to cover tax withholding.
  • 2026-09-14: Open-market sale of 2,039 shares at $111.83 each for $228,021 (reported sale under code S).
• Shares disposed/withheld total: 7,342 shares (5,303 withheld for taxes + 2,039 sold).
• Shares acquired via vesting: 8,713 PRSUs (performance-based; granted 9/11/2023, vested 9/11/2026).
• Footnotes of note:
  • F1: Issuer retained shares to meet tax withholding; not in excess of the tax liability.
  • F2: Shares issued upon achievement of performance criteria for PRSUs.
  • F3: RSUs issued with no purchase price.
  • F4: The Sept 14 open-market sale was executed under a pre-arranged 10b5-1 trading plan (plan adoption/modification date: 02-18-2026).
• Filing timeliness: Form filed 2026-09-15 covering transactions on 9/11 and 9/14 — no late filing flag indicated in the report.
• Shares owned after the transactions: not specified in the provided filing details.

Context

• These were award-based acquisitions (PRSUs vesting) rather than open-market purchases, so the acquisition reflects compensation/vesting rather than a personal cash buy signaling added bullishness.
• The issuer withholding shares to satisfy taxes is a routine, administrative transaction that reduces the net shares received by the insider.
• The open-market sale was carried out under a 10b5-1 plan, which is a prearranged trading program and typically indicates the sale was scheduled in advance.
• All items are factual reporting of compensation vesting and disposition; they do not by themselves indicate the insider’s private view of the company’s outlook.