Sivers Semiconductors: CEO Bets on Recovery While Chairman Exits Before Trading Blackout
Published on 07/30/2026 at 08:01 | Redaktion boerse-global.de
The Swedish photonics specialist Sivers Semiconductors has entered a regulatory trading blackout just days after a wave of insider selling triggered the stock's steepest decline of the year. The company's shares closed at €2.39 on Wednesday, shedding 7.95% in a single session, as the expiration of a lock-up agreement unleashed a flood of stock from executives and early investors.
The lock-up, tied to a directed share issue worth approximately 700 million Swedish kronor (12.28 million shares) completed in April 2026, expired on July 16. Within days, multiple board members moved to cash out. Chairman Bami Bastani sold 275,000 shares on the expiry date itself, while also gifting stock to family members and charitable organizations. Board member Todd Thomson, acting through his investment vehicle Headwaters Capital LLC, offloaded 950,000 shares by July 22 and donated another 50,000 to a non-profit. Early investor Kairos Ventures, which entered Sivers through the 2022 Mixcomm acquisition, also reduced its position to return capital to its fund investors.
The selling pressure has been brutal. Over the past week, the stock has lost more than a fifth of its value. From its 52-week high of €10.23 reached in early June, the shares have now cratered 76.68%. The 14-day relative strength index sits at 32.6, deep in oversold territory, though technical indicators alone offer no guarantee of a rebound.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
Yet not every insider headed for the exit. In a striking countermove, CEO Vickram Vathulya added 70,000 shares to his holdings, bringing his total stake to 4,540,076. That purchase stands as a rare vote of confidence at a time when nearly every other senior figure was reducing their exposure.
The timing of the sell-off could hardly have been tighter. Under Article 19(11) of the EU Market Abuse Regulation, Sivers entered a mandatory "closed period" on July 28, blocking all insider trading until the release of its second-quarter results in August. The blackout means no further insider transactions — whether buys or sells — will offer investors clues about management's view of the company's trajectory for weeks.
All attention now shifts to the Q2 report, which will provide the first detailed look at the business since the capital raise and a refinancing deal with Bootstrap Europe. Investors are particularly keen for updates on the order pipeline, which showed significant growth in the first quarter, and the status of a potential secondary listing in the United States.
The stock's annualized 30-day volatility stands at 159.26%, a figure that captures the extreme uncertainty surrounding both the company's capital structure and the broader semiconductor sector's recent mood swing. The June highs now feel distant, and with the insider trading freeze in place, the next directional signal will have to come from the numbers themselves.
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