Nayar Deepak, SVP & GM of the Electronics Business at Littelfuse (LFUS), has been a consistent net seller of company stock over the past year, with Form 4 filings showing 37 total transactions in the single ticker. The aggregate picture is heavily skewed toward the sell side: open-market sales totaled roughly $8.36 million, while there were zero open-market purchases during the period. The only acquisition activity came from option exercises and equity grants—$12,626 in total acquired value—which are mechanical compensation events rather than discretionary buys.
The most recent cluster of activity, dated May 18, 2026, illustrates the pattern. Deepak executed three open-market sales worth approximately $2.64 million combined ($576,793, $1.04 million, and $1.02 million), paired with two option exercises valued at about $1.09 million. That same day, he also received a small grant worth $4,322. Earlier in the year, on February 2, 2026, he sold six blocks totaling roughly $2.85 million, again matched by option exercises of about $2.25 million. A similar structure appeared on December 4–5, 2025, with sales of $786,688 and $1.15 million alongside exercises of $703,259 and $1.03 million.
The filings also show routine tax-withholding transactions (code "F") in late April 2026, totaling about $599,303, which are automatic share surrenders rather than discretionary trades. Across all 37 filings, there is no instance of a code "P" purchase—the only transaction type that signals fresh cash conviction. The data reveals a consistent, mechanically driven sell-down: Deepak exercises options, sells a portion of the resulting shares, and retains the rest, with no recent indication of buying back into the stock at current levels.
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