Semtech (NASDAQ: SMTC) EVP and COO reports 2,000-share open-market sale

Rhea-AI Filing Summary

SEMTECH CORP executive Asaf Silberstein, EVP and COO, reported an open-market sale of 2,000 shares of common stock at $164.0000 per share. The shares are held by The Silberstein Family Trust, for which he serves as trustee, and his direct holdings after the sale total 104,165 shares.

Insider Trade Summary

Net Seller: 2,000 shares ($328,000)

Net Sell 1 txn

Insider Silberstein Asaf

Role EVP and COO

Sold 2,000 shs ($328K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$164.00	$328K

Holdings After Transaction: Common Stock — 104,165 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 2,000 shares Sale price: $164.0000 per share Shares owned after: 104,165 shares +1 more

4 metrics

Shares sold 2,000 shares Open-market sale of common stock

Sale price $164.0000 per share Reported transaction price on sale date

Shares owned after 104,165 shares Direct ownership after sale

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, Form 4, transaction code "S", trustee

4 terms

open-market sale financial

"reported an open-market sale of 2,000 shares of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The transaction was reported on Form 4 and reflects activity"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code "S" regulatory

"The transaction code “S” indicates a sale in an open market"

trustee financial

"for which the Reporting Person serves as Trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

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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^*

Silberstein Asaf

(Last) (First) (Middle)

200 FLYNN ROAD

(Street)

CAMARILLO CALIFORNIA 93012-8790

(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)

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

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		S		2,000	D	$164	104,165(1)	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

Explanation of Responses:

1. Shares are held by The Silberstein Family Trust DTD 07/11/2016, for which the Reporting Person serves as Trustee.

Remarks:

	/s/Asaf Silberstein by Mark Lin under Power of Attorney dated November 5, 2025 (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 insider transaction did SEMTECH CORP (SMTC) report for Asaf Silberstein?

SEMTECH CORP reported that EVP and COO Asaf Silberstein recorded an open-market sale of 2,000 shares of common stock. The transaction was reported on Form 4 and reflects activity in shares held through The Silberstein Family Trust.

At what price were the SEMTECH CORP (SMTC) shares sold in this Form 4?

The 2,000 SEMTECH CORP shares were sold at a price of $164.0000 per share. This price is the reported transaction price and is used to value the open-market sale disclosed in the Form 4 filing.

How many SEMTECH CORP (SMTC) shares does Asaf Silberstein hold after the sale?

After the reported transaction, Asaf Silberstein holds 104,165 shares of SEMTECH CORP common stock. This total reflects his direct ownership position following the 2,000-share open-market sale disclosed in the Form 4.

Who actually holds the SEMTECH CORP (SMTC) shares involved in this Form 4?

The shares are held by The Silberstein Family Trust DTD 07/11/2016. Asaf Silberstein serves as trustee of this trust, and the Form 4 notes this relationship in a footnote describing the nature of the share holdings.

What does the transaction code "S" mean in the SEMTECH CORP (SMTC) Form 4?

The transaction code “S” indicates a sale in an open market or private transaction. In this Form 4, it confirms that the 2,000 SEMTECH CORP common shares were disposed of through an open-market sale rather than via a grant, gift, or option exercise.

Is the SEMTECH CORP (SMTC) Form 4 transaction direct or indirect ownership?

The Form 4 reports the shares as directly owned, with an ownership code of “D.” A footnote clarifies that the shares are held by The Silberstein Family Trust, where Asaf Silberstein acts as trustee overseeing the trust’s holdings.