Silvaco (SVCO) Director Ted Tewksbury Receives Award, Sells Shares

What Happened

• Ted L. Tewksbury III, a director of Silvaco Group, Inc. (SVCO), was awarded 1,159 shares on 2026-08-11 (recorded as an acquisition at $0.00) and sold 580 shares the same day in open-market transactions. The sales generated aggregate proceeds of $4,220 (weighted average price $7.28).
• The award replaced a quarterly cash retainer under an amendment to the company’s non-employee director compensation plan; the sale was executed pursuant to a pre-established 10b5-1 trading plan. The sale prices ranged from $7.25 to $7.33.

Key Details

• Transaction dates: 2026-08-11; Form 4 filed 2026-08-12 (timely filed).
• Award: 1,159 shares granted at $0.00 (issued in lieu of a quarterly cash retainer; fair market value equal to that retainer per filing).
• Sale: 580 shares disposed; weighted average price $7.28; price range $7.25–$7.33; total proceeds reported $4,220.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Awarded shares substituted for the quarterly cash retainer.
  • F2: Sales were effected under a 10b5-1 trading plan adopted May 12, 2026 (preplanned).
  • F3: Weighted-average price reported; seller can provide a breakdown of individual trade prices on request.

Context

• The award is routine compensation (stock issued in lieu of cash) rather than a market-timed purchase. The sale was preplanned under a 10b5-1 plan, which generally indicates routine disposition rather than an immediate signal about insider sentiment. Purchases are typically more informative than routine awards or plan-based sales.