Lattice Semiconductor CFO Continues Steady 30‑Month Insider Sell‑through Amid Market‑Stable Outlook

Insider Selling Continues at Lattice Semiconductor

The most recent transaction, a 643‑share sale by Chief Vice President (CVP) Tonya Stevens on January 31, 2026, came at $80.52 per share—a price virtually unchanged from the previous close. With a total proceeds of roughly $51,700, the sale is modest in dollar terms but represents the 30th consecutive month of selling by Stevens, who now owns 70,729 shares. Her consistent divestitures, spread across a wide price range from $48.73 in August 2025 to $85.23 in January 2026, suggest a routine cash‑management strategy rather than a red‑flag signal of confidence erosion.

What It Means for Investors

Stevens’ pattern of incremental selling, often in batches of a few hundred shares, aligns with regulatory requirements for “sell‑through” of restricted stock units (RSUs) and other equity‑grant plans. The fact that the current sale was triggered by tax‑withholding obligations on vested RSUs reinforces this interpretation. For shareholders, the cumulative outflow of roughly 8 % of her stake over the past year is unlikely to materially dilute the market, especially given Lattice’s sizable market cap of $11.0 billion and the company’s strong fundamentals—a 52‑week high of $89.92 and a robust 51‑year‑to‑date gain of 51.43%.

Nevertheless, the steady outflow warrants attention. If the trend accelerates or is accompanied by a decline in share price, it could be interpreted as a lack of conviction among senior management. Conversely, the timing of the sale—coinciding with the announcement of Lattice’s participation in the FPGA‑Forum 2026—may indicate that Stevens is capitalizing on a temporary price uplift before a broader market correction.

Profile: Tonya Stevens, CVP, Chief Accounting Officer

Tonya Stevens has been a senior executive at Lattice since 2014, overseeing the company’s financial reporting and compliance functions. Her insider trading history is dominated by small, regular sales, with an average block size of about 350 shares. The price paid for these shares has varied widely, reflecting the volatility of the semiconductor cycle. She has not engaged in any large‑block sales or purchases, and her holdings have remained stable at around 90 k shares since early 2025, a level consistent with her executive‑class ownership bracket.

Stevens’ transactions are largely driven by vesting schedules and tax obligations rather than strategic repositioning. There is no evidence of “market timing” or “pump‑and‑dump” activity; the average price at which she sells is close to the current market price, and the timing aligns with the release of quarterly reports or RSU vesting dates.

Broader Insider Activity Context

Other executives have been equally active, with SVP Shaikh Erhaan selling 652 shares on the same day. The overall insider selling volume in January 2026 totals just over 2,000 shares, a drop from the 3,500 shares sold in December 2025, suggesting a slight cooling in executive divestitures. Importantly, there have been no major insider purchases reported in the last six months, a pattern that investors often watch for signs of confidence in the company’s upside.

Investor Takeaway

For those holding or considering adding Lattice shares, the current insider activity should be seen as routine rather than alarming. The company’s solid valuation metrics—P/E of 423, a 52‑week high near $90, and a market cap over $11 billion—indicate that it remains a relatively safe play in the high‑tech semiconductor space. Nonetheless, investors should monitor the next quarter’s earnings release and any shift in insider trading patterns, as those will be key indicators of whether senior management’s confidence in Lattice’s long‑term trajectory remains steady or begins to waver.