Lattice Semiconductor Insider Sale: Feanny Disposes 5,965 Shares Under 10b5-1
Rhea-AI Filing Summary
Tracy Feanny, SVP and General Counsel of Lattice Semiconductor Corp (LSCC), reported two sales of company common stock on 08/28/2025 executed under an approved 10b5-1 plan adopted 05/29/2025. The first sale disposed of 5,565 shares at a weighted average price of $66.4667, leaving 79,880 shares beneficially owned. The second sale disposed of 400 shares at a weighted average price of $66.915, leaving 79,480 shares beneficially owned. The filing states both transactions were executed in multiple trades and the reporting person will provide trade-level details on request.
Positive
- Transaction executed under an approved 10b5-1 plan, adopted 05-29-2025, showing pre-planned, rule-compliant selling
- Timely and detailed disclosure including weighted-average sale prices and post-transaction beneficial ownership, with commitment to provide trade-level details on request
Negative
- Insider sold a total of 5,965 shares (5,565 and 400), reducing beneficial ownership to 79,480 shares
- Sales may be interpreted by some investors as insider liquidity activity rather than signal of operational change (no operational context provided in filing)
Insights
TL;DR: Insider sales under an existing 10b5-1 plan; routine disclosure, limited near-term market signal.
The reported transactions show an officer executing pre-planned sales under a 10b5-1(c) plan, which provides an affirmative defense to insider trading claims when properly adopted and followed. The sizes—5,565 and 400 shares—are explicit and accompanied by weighted-average prices, and the filer commits to provide trade-level details if requested. From a financial perspective, these sales represent a disclosed reduction in beneficial ownership but no new information about company operations or outlook is provided in the filing.
TL;DR: Proper governance practice: documented 10b5-1 plan and timely Form 4 filing; transparency is appropriate.
The filing documents adherence to procedural controls: the 10b5-1 plan adoption date is included and the Form 4 discloses weighted-average sale prices and post-sale ownership levels. This level of disclosure supports governance transparency. The filing does not indicate any non-routine event such as a discretionary sale outside a plan or any related-party transaction that would raise immediate governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,565 | $66.4667 | $370K |
| Sale | Common Stock | 400 | $66.915 | $27K |
Footnotes (1)
- The transaction indicated was conducted under an approved 10b5-1 Plan, adoption date of referenced 10b5-1(c) plan is: 05-29-2025. This transaction was executed in multiple trades at prices ranging from $65.8800 to $66.8400. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction was executed in multiple trades at prices ranging from $66.8800 to $66.9400. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
