Esam Elashmawi, Senior Vice President of Marketing and Strategy at Lattice Semiconductor (NASDAQ:LSCC), reported the sale of 38,000 shares of the company's common stock on March 4, 2026, in a Form 4 filing with the Securities and Exchange Commission. The trades were carried out under a pre-arranged 10b5-1 trading plan - adoption date of referenced 10b5-1(c) plan is: 12-03-2025 - and produced total proceeds of $3,494,319.
The filing details that the sales were executed in multiple blocks at varying prices. The breakdown of those transactions is as follows:
- 5,196 shares sold at a weighted average price of $90.2817, with execution prices ranging from $89.7200 to $90.7100. The filing notes that this reflected multiple trades and the stated price is the weighted average.
- 9,646 shares sold at a weighted average price of $91.4597, with individual trades between $90.7400 and $91.7300. The reporting person indicated willingness to provide the staff of the SEC, the issuer, or a security holder full details on the number of shares sold at each separate sale price upon request.
- 14,218 shares sold at a weighted average price of $92.19920, with trade prices ranging from $91.7500 to $92.7400. The filing repeats the undertaking to provide per-price sale counts on request.
- 8,668 shares sold at a weighted average price of $93.0488, executed in trades between $92.7500 and $93.7000. As with the other blocks, the reported average reflects multiple executions and full per-trade breakdowns can be provided upon request.
- 272 shares sold at a weighted average price of $93.9715, with prices between $93.8000 and $94.0500. The reporting person again undertook to provide detailed per-price sale counts to authorized requesters.
After completing the sales, Elashmawi directly owns 161,192 shares of Lattice Semiconductor. The Form 4 filing identifies the trades as conducted pursuant to the prearranged 10b5-1 plan referenced above.
Market context and valuation notes
Over the past 12 months Lattice Semiconductor shares have climbed approximately 49%. At the time of the filing the stock was trading at $91.11 and the company carried a market capitalization of $12.46 billion. An InvestingPro analysis cited in the filing characterized the shares as appearing overvalued relative to its Fair Value, noting the company is trading at elevated earnings and Price/Book multiples. The filing references availability of additional valuation metrics and ProTips on that platform for users seeking deeper data.
Company results and analyst reactions
Lattice reported fourth-quarter fiscal 2025 results that beat revenue expectations while delivering earnings per share in line with anticipated figures. The company issued guidance for the first quarter of fiscal 2026 that exceeded consensus estimates for both revenue and adjusted earnings per share. That outlook and the quarters performance prompted several sell-side analysts to revise their targets upward:
- Stifel raised its price target to $110 and held a Buy rating.
- KeyBanc increased its target to $125 and retained an Overweight rating.
- Needham raised its price target to $110, citing the companys strong outlook and fourth-quarter results.
- Rosenblatt Securities adjusted its target to $105, pointing to demand from data centers and AI applications.
In addition to the financial updates, Lattice introduced a Cyber Resilience Reference Kit intended to support secure system design for industrial and edge device manufacturers.
Form 4 disclosure specifics and procedural notes
The Form 4 filing reiterates that the transactions were executed in multiple trades and that the prices reported in the filing are weighted averages for each block. For each block the reporting person stated an undertaking 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. The filing therefore preserves the option for authorized parties to obtain a detailed per-trade breakdown from the reporting person or the SEC staff.
Implications for investors and market participants
The insider sale occurred against a backdrop of rising stock performance and a company narrative that includes better-than-expected revenue in the most recent quarter and above-consensus guidance for the upcoming quarter. Analyst target revisions to higher levels followed those results and guidance, while product initiatives such as the Cyber Resilience Reference Kit were also disclosed. The filing presents concrete trade-level details and the formal 10b5-1(c) adoption date for anyone assessing insider activity.
Summary
Elashmawi sold 38,000 Lattice Semiconductor shares under a 10b5-1 plan adopted on 12-03-2025, generating $3,494,319. The share disposals were executed across multiple price points and left the executive with direct ownership of 161,192 shares. The company has recently posted stronger-than-expected revenue for fiscal Q4 2025, provided robust guidance for fiscal Q1 2026, and seen analysts raise price targets. The SEC Form 4 filing contains weighted-average prices by block and an undertaking by the reporting person to provide per-trade sale counts on request.