Asaf Silberstein - Mar 4, 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
Mar 4, 2025
Transactions value $
-$471,662
Form type
4
Date filed
3/6/2025, 07:02 PM
Previous filing
Jan 17, 2025
Next filing
Mar 10, 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 Award $0 +4.53K +5.92% $0.00 80.9K Mar 4, 2025 Direct F1
transaction SMTC Common Stock Award $0 +9.93K +12.27% $0.00 90.9K Mar 4, 2025 Direct F2
transaction SMTC Common Stock Tax liability -$184K -5.17K -5.69% $35.58 85.7K Mar 4, 2025 Direct
transaction SMTC Common Stock Options Exercise $0 +17.8K +20.74% $0.00 103K Mar 5, 2025 Direct
transaction SMTC Common Stock Tax liability -$288K -7.98K -7.71% $36.05 95.5K Mar 5, 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMTC Restricted Stock Unit Options Exercise $0 -17.8K -33.33% $0.00 35.5K Mar 5, 2025 Common Stock 17.8K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2023 that are eligible to vest based on Semtech's relative total stockholder return over a period of one, two and three years. This transaction represents the payment and vesting of the awards with respect to the third year in the performance period.
F2 The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2024 that are eligible to vest based on Semtech's relative total stockholder return over a period of one, two and three years. This transaction represents the payment and vesting of the awards with respect to the second year in the performance period.
F3 Each stock unit is the economic equivalent of one share of Semtech common stock.
F4 This grant vests in three annual installments beginning on March 5, 2025.