Asaf Silberstein - 04 Jun 2025 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: EVP and COO
Signature: /s/Asaf Silberstein by Jeffrey Gutierrez under Power of Attorney dated October 6, 2023 (Copy On File)
Issuer symbol: SMTC
Transactions as of: 04 Jun 2025
Net transactions value: -$308,719
Form type: 4
Filing time: 06 Jun 2025, 16:03:30 UTC
Previous filing: 28 Mar 2025
Next filing: 26 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Silberstein Asaf	EVP and COO	200 FLYNN ROAD, CAMARILLO	/s/Asaf Silberstein by Jeffrey Gutierrez under Power of Attorney dated October 6, 2023 (Copy On File)	06 Jun 2025	0001514954

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	SMTC	Common Stock	Options Exercise	$0	+12,004	+12%	$0.000000	116,092	04 Jun 2025	Direct
transaction	SMTC	Common Stock	Tax liability	$232,319	-6,096	-5.3%	$38.11	109,996	04 Jun 2025	Direct
transaction	SMTC	Common Stock	Sale	$76,400	-2,000	-1.8%	$38.20	107,996	06 Jun 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	-12,004	-100%	$0.000000	0	04 Jun 2025	Common Stock	12,004		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 represents the contingent right to receive one share of Semtech common stock.
F2	The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2025 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, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the vesting and payment of the award with respect to the first year in the performance period.

Content

Each stock unit represents the contingent right to receive one share of Semtech common stock.

The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2025 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, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the vesting and payment of the award with respect to the first year in the performance period.