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Logitech (LOGI) director reports 153-share disposition tied to RSU tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Ng Kwok Wang, a director of Logitech International S.A. (LOGI), reported a sale of company stock on 09/04/2025. The Form 4 shows an exempt disposition of 153 registered shares at a reported price of $106.04 per share, leaving 10,707 shares beneficially owned after the transaction. The filing states the disposition was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising from the vesting of previously reported restricted stock units. The dollar price reflects conversion from a SIX Swiss Exchange closing price of CHF 85.40 at an exchange rate of 1 CHF = $1.24173.

Positive

  • Disclosure compliance: The Form 4 clearly reports the transaction, relationship (Director), and exemption under Rule 16b-3(e).
  • Administrative clarity: Filing includes conversion details (CHF 85.40 to $106.04) and an attorney-in-fact signature dated 09/08/2025.

Negative

  • Insufficient context on holdings: The filing does not state total percentage ownership or outstanding share context to assess materiality.
  • No information on other contemporaneous transactions: The Form 4 reports only the withholding disposition and does not disclose other buys/sells that day if any.

Insights

TL;DR: Routine tax-withholding disposition of vested RSUs by a director; not a substantive change to control.

The Form 4 documents an exempt disposition under Rule 16b-3(e) of 153 registered shares to the issuer to meet tax withholding from RSU vesting. Such transactions are administrative and common for insiders receiving equity compensation. The post-transaction beneficial ownership remains material at 10,707 shares but the filing contains no indication of additional purchases or sales outside this withholding event. The report is signed by an attorney-in-fact on 09/08/2025, consistent with procedural filings.

TL;DR: Transaction appears routine and disclosure-compliant; no governance red flags in the filing text.

The disclosure specifies the relationship (director) and provides the mechanics: exemption under Rule 16b-3(e) for withholding related to vested RSUs, with a price converted from CHF to USD. There are no indications of changes in board status, additional derivative transactions, or coordinated group filings. Documentation of the attorney-in-fact signature supports administrative completion of the insider-reporting requirement.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ng Kwok Wang

(Last) (First) (Middle)
C/O LOGITECH INTERNATIONAL S.A.
ROUTE DE PAMPIGNY 20

(Street)
HAUTEMORGES V8 1143

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LOGITECH INTERNATIONAL S.A. [ LOGI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Registered Shares 09/04/2025 F(1) 153 D $106.04(2) 10,707 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to previously reported RSUs.
2. The reported amount represents the closing price on the SIX Swiss Exchange of CHF 85.40, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.24173, as in effect on September 4, 2025.
/s/ Farschad Farzan as attorney in fact for Kwok Wang Ng 09/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did LOGI director Ng Kwok Wang report on Form 4?

The filing reports an exempt disposition of 153 registered shares on 09/04/2025, leaving 10,707 shares beneficially owned.

Why were the 153 shares disposed of according to the Form 4?

The shares were transferred to the issuer in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations from vesting restricted stock units.

What price was reported for the disposed shares on the Form 4?

The reported price is $106.04 per share, calculated from the SIX Swiss Exchange closing price of CHF 85.40 using an exchange rate of 1 CHF = $1.24173.

Who signed the Form 4 for Ng Kwok Wang and when?

The form is signed by Farschad Farzan as attorney in fact for Kwok Wang Ng, dated 09/08/2025.

Does the Form 4 indicate any change in the director's role at LOGI?

No. The filing lists the reporting person as a Director and contains no indication of any change in role.
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