Lattice (NASDAQ: LSCC) SVP gets stock award and sells shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Lattice Semiconductor senior vice president of sales Erhaan Shaikh reported a mix of compensation-related and market transactions in company common stock. On March 9, he acquired 3,211 shares as an incentive payment under the Company’s 2025 Corporate Incentive Plan, with no purchase price. Also on March 9, 1,634 shares were retained by the issuer to satisfy his tax withholding obligations, as noted in the filing, with the amount not exceeding the related tax liability. On March 10, he completed an open-market sale of 1,577 shares at an average price of $93.325 per share. Following these transactions, he directly holds 82,617 shares of Lattice Semiconductor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,577 shares ($147,174)
Net Sell
3 txns
Insider
Shaikh Erhaan
Role
SVP, Sales
Sold
1,577 shs ($147K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,577 | $93.325 | $147K |
| Grant/Award | Common Stock | 3,211 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,634 | $90.63 | $148K |
Holdings After Transaction:
Common Stock — 82,617 shares (Direct)
Footnotes (1)
- Represents the number of shares received as an incentive payment pursuant to the Company's 2025 Corporate Incentive Plan. Incentive payment shares - No purchase price for this transaction. These shares were retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person. The amount retained by the Issuer was not in excess of the amount of the tax liability. This Form 4/A is being filed to amend the transaction code previously reported as "S" to "F" in order to accurately reflect the nature of the transaction.
FAQ
What insider transactions did LSCC executive Erhaan Shaikh report?
Erhaan Shaikh reported receiving 3,211 LSCC shares as an incentive award, 1,634 shares retained by the issuer for tax withholding, and an open-market sale of 1,577 shares at $93.325 per share, leaving him with 82,617 directly held shares.
Was the LSCC insider stock award to Erhaan Shaikh a market purchase?
No, the 3,211 LSCC shares were an incentive payment under Lattice’s 2025 Corporate Incentive Plan, with no purchase price. This represents compensation rather than a discretionary market purchase, according to details disclosed in the Form 4/A footnotes.
What open-market sale did LSCC SVP Erhaan Shaikh execute?
On March 10, Erhaan Shaikh executed an open-market sale of 1,577 Lattice Semiconductor common shares at an average price of $93.325. This transaction follows the prior-day incentive grant and tax-withholding share retention reported in the same Form 4/A filing.
Why was the LSCC Form 4 amended for Erhaan Shaikh’s transactions?
The Form 4/A explains that an earlier transaction code was corrected from “S” to “F” to accurately describe a tax-withholding disposition. This change clarifies that specific shares were retained by the issuer for taxes rather than sold in the open market.