Imran Sherazi - 19 Dec 2024 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role
SVP and GM
Signature
/s/Imran Sherazi by Mark Lin under Power of Attorney dated June 12, 2024 (Copy on File)
Issuer symbol
SMTC
Transactions as of
19 Dec 2024
Net transactions value
-$509,195
Form type
4
Filing time
23 Dec 2024, 17:00:18 UTC
Previous filing
19 Nov 2024
Next filing
22 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMTC Common Stock Sale $151,508 -2,398 -26% $63.18 6,865 19 Dec 2024 Direct F1
transaction SMTC Common Stock Sale $34,962 -548 -8% $63.80 6,317 19 Dec 2024 Direct F2
transaction SMTC Common Stock Sale $322,725 -4,965 -79% $65.00 1,352 20 Dec 2024 Direct
* 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 $62.65 to $63.64. Price and share details are available upon request.
F2 This price represents the weighted average of these sales. The prices ranged from $63.665 to $63.965. Price and share details are available upon request.

Remarks:

These transactions are pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sherazi on September 19, 2024.