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Semtech (SMTC) director Paula LuPriore receives 1,180 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LuPriore Paula reported acquisition or exercise transactions in this Form 4 filing.

SEMTECH CORP director Paula LuPriore received an equity award of 1,180 restricted stock units (RSUs). Each unit represents the right to receive one share of Semtech common stock. The RSUs vest on the earlier of one year after the grant or the day before the first annual stockholders’ meeting following the grant.

The award is payable in shares, and LuPriore has elected to defer settlement of these stock units under the Semtech Corporation Director Deferred Compensation Plan. This is a compensation-related, non‑market transaction rather than an open‑market stock purchase or sale.

Positive

  • None.

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  • None.
Insider LuPriore Paula
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 1,180 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,180 shares (Direct, null)
Footnotes (1)
  1. Each stock unit represents the contingent right to receive one share of Semtech common stock. 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.
RSUs granted 1,180 units Restricted Stock Unit award to director Paula LuPriore
Price per RSU $0.00 per unit Grant/award acquisition, compensation-related
Units after transaction 1,180 units Total derivative holdings from this award following transaction
Underlying shares 1,180 shares Each unit equals one share of Semtech common stock
Restricted Stock Unit financial
"security_title: "Restricted 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.
contingent right to receive one share financial
"Each stock unit represents the contingent right to receive one share"
vest financial
"The stock units vest on the earlier of the one year anniversary of the award"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Director Deferred Compensation Plan financial
"defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan"
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SEC Form 4
FORM 4UNITED 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*
LuPriore Paula

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/04/2026A1,180 (2) (2)Common Stock1,180$01,180D
Explanation of Responses:
1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
2. 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/Paula LuPriore by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)06/05/2026
** Signature of Reporting PersonDate
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 insider transaction did Semtech (SMTC) director Paula LuPriore report?

Paula LuPriore reported receiving 1,180 restricted stock units as a director equity award. These RSUs are a form of stock-based compensation, not an open-market purchase or sale, and convert into Semtech common shares when they settle after vesting.

How many Semtech (SMTC) shares are covered by Paula LuPriore’s RSU grant?

The grant covers 1,180 restricted stock units, each representing one share of Semtech common stock. After this award, LuPriore’s reported derivative holdings from this grant total 1,180 units, reflecting a single compensation-related equity grant reported on this Form 4.

When do Paula LuPriore’s Semtech (SMTC) RSUs vest?

The RSUs vest on the earlier of one year after the award date or the day immediately before the first annual meeting of stockholders following the grant. This time-based vesting schedule aligns the director’s compensation with ongoing board service and shareholder events.

Are Paula LuPriore’s Semtech (SMTC) RSUs settled in cash or shares?

The restricted stock units are payable in shares of Semtech common stock upon settlement. LuPriore has elected to defer settlement of these stock units under the Semtech Corporation Director Deferred Compensation Plan, delaying when she actually receives the underlying shares.

Did Paula LuPriore buy or sell Semtech (SMTC) stock in the market?

No open-market trade occurred in this filing. LuPriore received 1,180 restricted stock units as a grant at a stated price of $0.00 per unit, reflecting stock-based compensation rather than a discretionary purchase or sale on the public market.