Asaf Silberstein - Jan 15, 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: EVP and COO
Signature: /s/Asaf Silberstein by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)
Stock symbol: SMTC
Transactions as of: Jan 15, 2025
Transactions value $: -$140,000
Form type: 4
Date filed: 1/17/2025, 04:38 PM
Previous filing: Jan 3, 2025
Next filing: Mar 6, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMTC	Common Stock	Sale	-$140K	-2K	-2.55%	$70.00	76.4K	Jan 15, 2025	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2024.