Mark Lin - 26 Jan 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: EVP and CFO
Signature: /s/Mark Lin
Issuer symbol: SMTC
Transactions as of: 26 Jan 2025
Net transactions value: -$156,117
Form type: 4
Filing time: 28 Jan 2025, 18:03:16 UTC
Previous filing: 03 Jan 2025
Next filing: 31 Jan 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	Options Exercise	$0	+6,410	+154%	$0.000000	10,574	26 Jan 2025	Direct
transaction	SMTC	Common Stock	Tax liability	$156,117	-2,138	-20%	$73.02	8,436	26 Jan 2025	Direct

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	Options Exercise	$0	-6,410	-100%	$0.000000	0	26 Jan 2025	Common Stock	6,410		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 is the economic equivalent of one share of Semtech common stock.
F2	The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2024 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, and the satisfaction of a service condition. This transaction represents the vesting and payment of the award with respect to the first year in the performance period.

Content

Each stock unit is the economic equivalent of one share of Semtech common stock.

The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2024 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, and the satisfaction of a service condition. This transaction represents the vesting and payment of the award with respect to the first year in the performance period.