William Ross Gray - Mar 6, 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: SVP and GM
Signature: /s/William Ross Gray by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)
Stock symbol: SMTC
Transactions as of: Mar 6, 2025
Transactions value $: -$36,759
Form type: 4
Date filed: 3/10/2025, 08:21 PM
Previous filing: Mar 6, 2025
Next filing: Mar 28, 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	Options Exercise	$0	+2.12K	+19.84%	$0.00	12.8K	Mar 7, 2025	Direct
transaction	SMTC	Common Stock	Tax liability	-$36.8K	-1.14K	-8.86%	$32.33	11.7K	Mar 7, 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	Award	$0	+17.3K		$0.00	17.3K	Mar 6, 2025	Common Stock	17.3K		Direct	F1, F2
transaction	SMTC	Restricted Stock Unit	Options Exercise	$0	-2.12K	-50%	$0.00	2.12K	Mar 7, 2025	Common Stock	2.12K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each stock unit is the economic equivalent of one share of Semtech common stock.
F2	One third of this grant vests on March 10, 2026 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2026.
F3	This grant vests in three annual installments beginning on March 7, 2024.