LATTICE SEMICONDUCTOR CORP (LSCC) SVP exercises shares, issuer withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lattice Semiconductor SVP of Sales Erhaan Shaikh reported routine equity compensation activity. He exercised derivative rights to acquire 317 shares of common stock at $66.8525 per share. Separately, 493 shares were retained by the issuer at $137.44 per share to satisfy tax withholding on vested restricted stock units. Following these transactions, Shaikh holds 91,917 shares of Lattice Semiconductor common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shaikh Erhaan
Role
SVP, Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 493 | $137.44 | $68K |
| Exercise | Common Stock | 317 | $66.8525 | $21K |
Holdings After Transaction:
Common Stock — 91,917 shares (Direct)
Footnotes (1)
- These shares were acquired under the Issuer's 2012 Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). The acquisition reflects the officer's participation in the ESPP through payroll deductions during the applicable offering period. These shares were retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of the restricted stock units. The amount retained by the Issuer was not in excess of the amount of the tax liability.
Key Figures
Shares acquired via exercise: 317 shares
Exercise price: $66.8525 per share
Shares withheld for taxes: 493 shares
+2 more
5 metrics
Shares acquired via exercise
317 shares
Derivative exercise of common stock on June 30, 2026
Exercise price
$66.8525 per share
Price paid to acquire 317 shares in derivative exercise
Shares withheld for taxes
493 shares
Retained by issuer on July 10, 2026 for tax withholding on RSU vesting
Withholding price
$137.44 per share
Value used for 493 shares retained to satisfy tax obligations
Post-transaction holdings
91,917 shares
Common stock directly held by Erhaan Shaikh after the latest reported transaction
Key Terms
Employee Stock Purchase Plan, restricted stock units, Rule 16b-3(d), Rule 16b-3(c), +1 more
5 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Issuer's 2012 Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"in connection with the vesting of an installment of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
tax withholding obligations financial
"retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person"
FAQ
What insider transactions did LSCC executive Erhaan Shaikh report?
Erhaan Shaikh, SVP of Sales at Lattice Semiconductor (LSCC), reported exercising derivative rights to acquire 317 shares of common stock and a separate disposition of 493 shares that were retained by the issuer solely to cover tax withholding on vested restricted stock units.
What do the footnotes reveal about LSCC’s Employee Stock Purchase Plan participation?
Footnotes indicate that additional shares were acquired under Lattice Semiconductor’s 2012 Employee Stock Purchase Plan, reflecting Shaikh’s participation through payroll deductions during the applicable offering period, in transactions that were exempt under Rule 16b-3(d) and Rule 16b-3(c) of the Exchange Act.
Were Erhaan Shaikh’s LSCC transactions open-market buys or sales?
The reported activity consists of a derivative exercise to acquire 317 shares and a tax-withholding disposition of 493 shares retained by the issuer. The disposition was for tax obligations related to restricted stock units and was not an open-market sale or discretionary trading.