Pesic Illiya I. 4

What Happened

• Illiya Pesic, reported as a 10% owner of Silvaco Group, Inc. (SVCO), disposed of 400,000 shares in two transactions: 300,000 shares on 2025-11-17 at $1.93 each (≈ $579,000) and 100,000 shares on 2026-01-07 at $1.94 each (≈ $193,800). On 2026-03-17 Pesic was also recorded as acquiring 2,256 shares (reported at $0.00) as an award under the company’s non-employee director compensation plan for a quarterly retainer.
• The sales are disposals (S) and the later issuance is an award (A). Sales total roughly $772,800; the award reflects compensation rather than an open-market purchase.

Key Details

• Transaction dates and prices:
  • 2025-11-17: Sold 300,000 shares @ $1.93 ($579,000)
  • 2026-01-07: Sold 100,000 shares @ $1.94 ($193,800)
  • 2026-03-17: Received 2,256 shares as award (reported $0.00)
• Shares owned after the transactions: Not disclosed in this Form 4.
• Footnotes of note:
  • F1: Filing was late — the reporting person originally treated the transfers as non-reportable pledges and later concluded they must be reported; the transactions are subject to an arbitral dispute.
  • F2: The reported prices for the dispositions reflect an implied per‑share value from a non‑recourse stock‑loan arrangement (loan proceeds limited to ~45% of market value), not necessarily a negotiated open‑market sale price.
  • F3: The 2,256 shares were awarded in lieu of a cash retainer under the non‑employee director compensation plan, with fair value equal to that retainer.
• Timeliness: Late filing (transactionTimeliness = 'L') — reported after the original deadlines.

Context

• As a 10% owner, Pesic is a significant shareholder but not necessarily an executive; such sales can reflect financing or pledge arrangements rather than routine open‑market sell decisions.
• The F2 description indicates the November/January dispositions involved a stock‑loan style transfer (non‑recourse), so the reported per‑share values may not reflect a standard negotiated sale price.
• The awarded shares are compensation and do not imply a market‑timing purchase; filings like this are factual records and do not by themselves indicate insider sentiment.