Sivers Semiconductors Board and CEO Inject Own Cash After Sharp Share Drop, Signaling Confidence Amid US Listing Push

Five board members and CEO invest via participation program following capital raise of 700M SEK; stock down 62% from high, approaching oversold.

The directors of Sivers Semiconductors have put their own money on the line in a coordinated share purchase that comes just weeks after the stock shed more than half its value. Five board members and the chief executive snapped up equity through a participation programme approved at the company's annual meeting in June, with CEO Vickram Vathulya alone investing roughly 950,000 Swedish kronor in his own company's shares.

The purchases were confirmed on 13 July 2026. Each board member received one million kronor under the programme, about half of which was earmarked specifically for buying Sivers stock. The acquired shares must be held for at least 12 months, a lock-up designed to align management's interests with those of long-term shareholders. The buying follows a directed capital increase that raised around 700 million kronor through the issuance of 12.28 million new shares at 57 kronor each via an accelerated bookbuild. The placement was multiple times oversubscribed, drawing interest from both Swedish and international institutional investors, and prompted several executives — including Vathulya, CFO Heine Thorsgaard, and board members Bami Bastani, Karin Raj and Todd Thomson — to commit not to sell their existing holdings until 16 July 2026.

The insider activity unfolds against a backdrop of violent price swings. Sivers stock closed at €3.84 on Tuesday, up 2.95% from the previous session's €3.73, but still some 62% below its 52-week high of €10.23 hit on 3 June. Over the past 30 days the shares have lost 53.45%. The 50-day moving average of €6.18 sits far above the current price, and the annualised volatility over the last month stands at 154%. The relative strength index of 37.4 suggests the stock is approaching oversold territory, though it has not yet flashed a definitive signal. Even so, the market capitalisation remains at €1.25 billion — a sign that investors still assign a chunky valuation despite the correction.

Parallel to the financing and insider buying, Sivers has revamped its financial reporting calendar. On 9 July it announced changes to its disclosure schedule, citing preparations for PCAOB audit standards required for a potential dual listing in the United States. The company develops laser and RF beamformer technologies for photonics and wireless communications, targeting applications in AI data centres, satellite communications, defence, and next-generation 5G networks. It has reported record revenues and a growing project pipeline, though the upcoming second-quarter report will be the first real test of whether that momentum translates into the quarterly numbers.

The coordinated insider purchases send a deliberate signal of conviction at a time when the stock is nursing deep losses and the company is navigating a major regulatory transition. Whether they help stem the slide will depend on whether the promised revenue growth materialises in the numbers to come.