Sivers Semiconductors Executives Back Stock with Millions in Purchases Days Before Lock-Up Lifts

The top brass at Sivers Semiconductors have put their own money on the line, snapping up shares just four trading sessions before a management lock-up period expires on July 16. The coordinated buying spree, which saw Chief Executive Vickram Vathulya acquire 24,000 shares for approximately 950,000 Swedish kronor (roughly $98,640), comes at a moment when the stock is showing early signs of steadying after a brutal selloff.

Four board members joined Vathulya in the purchases on July 9, according to filings with the Swedish financial regulator. Karin Raj bought 13,264 shares at 34.68 kronor each, Helena Svancar picked up 11,019 shares at 41.74 kronor, and Joakim Nideborn added 11,425 shares at 40.30 kronor. Todd Thomson invested more than 500,000 kronor, acquiring 12,500 shares at an average price of 42.80 kronor. Combined, the insider transactions amounted to more than 2 million kronor.

The timing is no coincidence. At the company’s annual general meeting in June, shareholders approved a program granting each board member 1 million kronor, half of which must be used to buy shares subject to a one-year holding period. While it remains unclear whether the latest purchases are directly tied to that scheme, the proximity to the AGM vote and the lock-up expiry makes the link highly plausible.

Technical rebound under way

The buying spree emerged just as the stock began to claw back ground from a deep correction. On Friday, shares on the Stockholm exchange jumped 10% to 46.16 kronor, recovering from a low of 34 kronor reached during the rout. In euro terms, the stock gained 3.20% to close at €4.32, eclipsing its 100-day moving average of €3.73 for the first time in weeks. That technical break is often read by chartists as a potential precursor to a trend reversal.

Still, the recent damage is stark. The stock sits 57.75% below its 52-week high of €10.23, hit on June 3, and is trading 30.60% beneath its 50-day average of €6.23. Over the past 30 days, it has shed 37.50% of its value, and on a weekly basis the decline was 16.88%. Yet from the 52-week low of €0.27 recorded on March 3, the equity has delivered a gain of more than 1,500%. The annualized 30-day volatility of 223% underscores the wild swings that have characterized this name all year.

Should investors sell immediately? Or is it worth buying Sivers Semiconductors?

The relative strength index stands at 39.7, a level that suggests the stock is neither overbought nor oversold, leaving room for further stabilization. Market capitalization sits at roughly €1.05 billion.

Dual-listing push and capital adjustments

Beyond the insider activity, Sivers is navigating a series of corporate changes. The company recently converted a €12 million convertible bond — a move that contributed to recent share dilution. Secondary reports identify the conversion as involving a $12 million loan from Bootstrap Europe. Management has also been overhauling internal processes to meet the stricter PCAOB audit standards required for a planned secondary listing on the Nasdaq in New York. An updated financial calendar was published on July 9 to align with those requirements.

The company’s sales pipeline remains healthy, estimated at around $800 million. The next major milestone on the calendar is the second-quarter earnings report, now scheduled for August 27. That release will test whether the operational progress in preparing for the Nasdaq listing and advancing the order book is translating into tangible financial results.

For investors watching the extreme swings, the insider purchases at a moment of technical stabilization and just before a key lock-up expiry represent a confident bet by those closest to the business. But with volatility still running at over 200% annualized, the road ahead is anything but smooth.