LATTICE SEMICONDUCTOR CORP
For the period ended Mar 29, 2025. Filed May 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2025 · Filed May 5, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On December 9, 2024, we announced that our Board of Directors had approved a stock repurchase program pursuant to which up to $100 million of outstanding common stock could be repurchased from time to time (the "2025 Repurchase Program"). The duration of the 2025 Repurchase Program is through December 31, 2025. During the first quarter of fiscal 2025, we repurchased 393,832 shares for $25.0 million, or an average price paid per share of $63.48. All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2025 Repurchase Program were retired by the end of the first quarter of fiscal 2025.
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The following table contains information regarding our repurchases of our common stock that is registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the first quarter of fiscal 2025.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a) | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs ($M) (b) |
|---|---|---|---|---|
| December 29, 2024 through January 25, 2025 | — | $— | — | $100.0 |
| January 26, 2025 through February 22, 2025 | 129,826 | $64.19 | 129,826 | $91.7 |
| February 23, 2025 through March 29, 2025 | 264,006 | $63.13 | 264,006 | $75.0 |
| Total | 393,832 | $63.48 | 393,832 | $75.0 |
| (a) | All repurchases during the quarter were open-market transactions funded from available working capital made under the authorization from our Board of Directors to purchase up to $100.0 million of our common stock announced December 9, 2024. |
|---|---|
| (b) | As of March 29, 2025, this amount consisted of the remaining portion of the $100.0 million program authorized through December 31, 2025 that was announced December 9, 2024. |
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