Semtech (SMTC) director adds shares through RSU grant and exercise

Rhea-AI Filing Summary

SEMTECH CORP director Julie Garcia Ruehl reported routine equity compensation activity. She received a grant of 1,180 restricted stock units, each representing the right to receive one share of Semtech common stock. This award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.

Ruehl also exercised 2,661 restricted stock units into 2,661 shares of common stock. Following these transactions, she directly owned 8,640 shares of Semtech common stock and 2,660 restricted stock units that remain outstanding and will be settled in shares under the company’s director deferred compensation plan.

Insider Trade Summary

2,661 shares exercised/converted

Mixed 3 txns

Insider Ruehl Julie Garcia

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,180	$0.00	--
Exercise	Restricted Stock Unit	2,661	$0.00	--
Exercise	Common Stock	2,661	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,180 shares (Direct, null); Common Stock — 8,640 shares (Direct, null)

Footnotes (1)

1. Each stock unit represents the contingent right to receive one share of Semtech common stock. This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders. The stock units vest on the earlier of the one year anniversary of the award and the day immediately preceding the date of the first annual meeting of stockholders following the grant and are payable in shares. The reporting person has elected to defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan.

Key Figures

RSUs granted: 1,180 units RSUs exercised: 2,661 units Shares owned after: 8,640 shares +2 more

5 metrics

RSUs granted 1,180 units Restricted stock unit grant to director

RSUs exercised 2,661 units Converted into 2,661 common shares

Shares owned after 8,640 shares Common stock directly held post‑transaction

RSUs remaining 2,660 units Restricted stock units outstanding after exercise

Exercise price $0.00 per unit Reported exercise or conversion price for RSUs

Key Terms

Restricted Stock Unit, derivative security, Annual Meeting of Stockholders, Director Deferred Compensation Plan

4 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit" and footnote defining each stock unit"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Annual Meeting of Stockholders financial

"RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders"

Director Deferred Compensation Plan financial

"elected to defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Ruehl Julie Garcia

(Last) (First) (Middle)

200 FLYNN RD.

(Street)

CAMARILLO CALIFORNIA 93012

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SEMTECH CORP [ SMTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/03/2026		M		2,661	A	$0	8,640	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	06/03/2026		M			2,661	(2)	(2)	Common Stock	2,661	$0	2,660	D
Restricted Stock Unit	(1)	06/04/2026		A		1,180		(3)	(3)	Common Stock	1,180	$0	1,180	D

Explanation of Responses:

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

2. This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.

3. The stock units vest on the earlier of the one year anniversary of the award and the day immediately preceding the date of the first annual meeting of stockholders following the grant and are payable in shares. The reporting person has elected to defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan.

Remarks:

	/s/Julie Garcia Ruehl by Mark Lin under Power of Attorney dated November 29, 2023 (Copy On File)	06/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Semtech (SMTC) director Julie Garcia Ruehl report in this Form 4?

She reported equity compensation activity, including a grant of 1,180 restricted stock units and the exercise of 2,661 restricted stock units into common shares, increasing her direct Semtech share ownership to 8,640 shares plus 2,660 remaining restricted stock units.

How many Semtech (SMTC) restricted stock units were granted to Julie Garcia Ruehl?

She received a grant of 1,180 restricted stock units. Each unit represents the contingent right to receive one share of Semtech common stock, forming part of her director compensation, with vesting tied to the timing of the company’s annual meeting of stockholders.

What vesting terms apply to Julie Garcia Ruehl’s Semtech (SMTC) RSU awards?

One RSU award fully vested immediately before the 2026 Annual Meeting. Other stock units vest on the earlier of one year after grant or the day immediately preceding the first annual meeting following the grant, after which they are payable in Semtech shares.

How many Semtech (SMTC) shares does Julie Garcia Ruehl hold after these transactions?

After the reported transactions, she directly owns 8,640 shares of Semtech common stock. In addition, she holds 2,660 restricted stock units that will be settled in shares in the future under the company’s director deferred compensation plan.

Did Julie Garcia Ruehl sell any Semtech (SMTC) shares in this Form 4?

No, the Form 4 shows only acquisitions and exercises, not sales. She exercised 2,661 restricted stock units into common shares and received a new grant of 1,180 restricted stock units as part of her director equity compensation package.

What is the Semtech (SMTC) Director Deferred Compensation Plan mentioned in the filing?

The filing notes that Ruehl elected to defer settlement of certain stock units under the Semtech Corporation Director Deferred Compensation Plan. This means vested restricted stock units will be paid later in Semtech shares instead of immediately upon vesting.