William Ross Gray - Mar 26, 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 26, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/28/2025, 04:45 PM
Previous filing: Mar 10, 2025
Next filing: Apr 1, 2025
SEC: View on sec.gov

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	+7.64K		$0.00	7.64K	Mar 26, 2025	Common Stock	7.64K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each stock unit represents the contingent right to receive one share of Semtech common stock.
F2	The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2025 that are eligible to vest based on Semtech's attainment of pre-established revenue and non-GAAP operating income targets over a period of one, two, and three years, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the determination of the number of units eligible to vest based on the actual attainment of the performance condition with respect to the first year in the performance period. The vesting of the award with respect to the first year in the performance period will occur on June 4, 2025, subject to the satisfaction of the service condition.

Content

Each stock unit represents the contingent right to receive one share of Semtech common stock.

The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2025 that are eligible to vest based on Semtech's attainment of pre-established revenue and non-GAAP operating income targets over a period of one, two, and three years, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the determination of the number of units eligible to vest based on the actual attainment of the performance condition with respect to the first year in the performance period. The vesting of the award with respect to the first year in the performance period will occur on June 4, 2025, subject to the satisfaction of the service condition.