Paul H. Pickle - 01 Oct 2023 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: President and CEO, Director
Signature: /s/Paul H. Pickle by Mark Lin under Power of Attorney dated October 3, 2023 (Copy On File)
Issuer symbol: SMTC
Transactions as of: 01 Oct 2023
Net transactions value: +$173,916
Form type: 4
Filing time: 03 Oct 2023, 19:13:25 UTC
Previous filing: 30 Jun 2023
Next filing: 03 Jan 2024
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	$265,328	+10,304		$25.75	10,304	01 Oct 2023	Direct
transaction	SMTC	Common Stock	Tax liability	$91,412	-3,550	-34%	$25.75	6,754	01 Oct 2023	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	-10,304	-8.3%	$0.000000	113,348	01 Oct 2023	Common Stock	10,304		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	This grant vests in twelve quarterly installments beginning on October 1, 2023.