Asaf Silberstein - 15 Jan 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: EVP and COO
Signature: /s/Asaf Silberstein by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)
Issuer symbol: SMTC
Transactions as of: 15 Jan 2025
Net transactions value: -$140,000
Form type: 4
Filing time: 17 Jan 2025, 16:38:55 UTC
Previous filing: 03 Jan 2025
Next filing: 06 Mar 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	Sale	$140,000	-2,000	-2.6%	$70.00	76,417	15 Jan 2025	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).

Remarks:

This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2024.