Scott R. Simplot - Feb 28, 2025 Form 4 Insider Report for SemiLEDs Corp (LEDS)

Role: Director, 10%+ Owner
Signature: /s/ Scott R. Simplot
Stock symbol: LEDS
Transactions as of: Feb 28, 2025
Transactions value $: $1,199,999
Form type: 4
Date filed: 3/4/2025, 01:31 PM
Previous filing: Jan 10, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEDS	Common Stock	Other	$1.2M	+723K	+29.19%	$1.66	3.2M	Feb 28, 2025	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	On February 28,2025 (the "Effective Date"), Simplot Taiwan Inc., an Idaho corporation ("ST"), received 722,891 shares of Common Stock of the Issuer as a payment of principal pursuant to a Loan Agreement between the Issuer and J.R. Simplot Company, a Nevada corporation ("JRS"), dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023, January 7, 2024, January 15, 2025 and the Effective Date (the "Loan Agreement"), and assigned by JRS to ST, which is wholly owned by JRS. Scott R. Simplot (the "Reporting Person") is the chairman of JRS, and accordingly may be deemed to have shared voting and investment power over such shares. The Reporting Person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein.
F2	Consists of (i) 3,168,190 shares of Common Stock owned of record by ST and (ii) 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership ("JRS Properties"). ST is wholly owned by JRS, and the Reporting Person is the chairman of JRS. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over the shares held by ST. JRS Management L.L.C., an Idaho limited liability company ("JRS Management"), is the sole general partner of JRS Properties. The Reporting Person and Stephen A. Beebe are the managers of JRS Management, and accordingly the Reporting Person may be deemed to have shared voting and investment power over the shares held by JRS Properties. The Reporting Person disclaims beneficial ownership over the shares reported herein except to the extent of his pecuniary interest therein.

Content

On February 28,2025 (the "Effective Date"), Simplot Taiwan Inc., an Idaho corporation ("ST"), received 722,891 shares of Common Stock of the Issuer as a payment of principal pursuant to a Loan Agreement between the Issuer and J.R. Simplot Company, a Nevada corporation ("JRS"), dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023, January 7, 2024, January 15, 2025 and the Effective Date (the "Loan Agreement"), and assigned by JRS to ST, which is wholly owned by JRS. Scott R. Simplot (the "Reporting Person") is the chairman of JRS, and accordingly may be deemed to have shared voting and investment power over such shares. The Reporting Person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein.

Consists of (i) 3,168,190 shares of Common Stock owned of record by ST and (ii) 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership ("JRS Properties"). ST is wholly owned by JRS, and the Reporting Person is the chairman of JRS. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over the shares held by ST. JRS Management L.L.C., an Idaho limited liability company ("JRS Management"), is the sole general partner of JRS Properties. The Reporting Person and Stephen A. Beebe are the managers of JRS Management, and accordingly the Reporting Person may be deemed to have shared voting and investment power over the shares held by JRS Properties. The Reporting Person disclaims beneficial ownership over the shares reported herein except to the extent of his pecuniary interest therein.