Asaf Silberstein - 06 Dec 2024 Form 4 Insider Report for SEMTECH CORP (SMTC)

Signature
/s/Asaf Silberstein by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)
Issuer symbol
SMTC
Transactions as of
06 Dec 2024
Net transactions value
-$263,753
Form type
4
Filing time
10 Dec 2024, 16:16:40 UTC
Previous filing
11 Mar 2024
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMTC Common Stock Sale $197,384 -3,002 -3.7% $65.75 78,022 06 Dec 2024 Direct F1
transaction SMTC Common Stock Sale $66,369 -998 -1.3% $66.50 77,024 06 Dec 2024 Direct F2
* 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).

Explanation of Responses:

Id Content
F1 This price represents the weighted average of these sales. The prices ranged from $65.245 to $66.12. Price and share details are available upon request.
F2 This price represents the weighted average of these sales. The prices ranged from $66.32 to $66.95. Price and share details are available upon request.

Remarks:

These transactions are pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2024.