Madhusudhan Rayabhari - 04 Mar 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role
SVP and GM
Signature
/s/Madhusudhan Rayabhari by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)
Issuer symbol
SMTC
Transactions as of
04 Mar 2025
Net transactions value
-$397,752
Form type
4
Filing time
06 Mar 2025, 18:59:57 UTC
Previous filing
20 Aug 2024
Next filing
10 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 Award $0 +3,728 +11% $0.000000 36,260 04 Mar 2025 Direct F1
transaction SMTC Common Stock Award $0 +6,952 +19% $0.000000 43,212 04 Mar 2025 Direct F2
transaction SMTC Common Stock Tax liability $171,033 -4,807 -11% $35.58 38,405 04 Mar 2025 Direct
transaction SMTC Common Stock Options Exercise $0 +16,133 +42% $0.000000 54,538 05 Mar 2025 Direct
transaction SMTC Common Stock Tax liability $226,718 -6,289 -12% $36.05 48,249 05 Mar 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 -16,133 -33% $0.000000 32,267 05 Mar 2025 Common Stock 16,133 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2023 that are eligible to vest based on Semtech's relative total stockholder return over a period of one, two and three years. This transaction represents the payment and vesting of the awards with respect to the third year in the performance period.
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 relative total stockholder return over a period of one, two and three years. This transaction represents the payment and vesting of the awards with respect to the second year in the performance period.
F3 Each stock unit is the economic equivalent of one share of Semtech common stock.
F4 This grant vests in three annual installments beginning on March 5, 2025.