Semtech EVP exercises RSUs, tax shares withheld
Semtech Corp EVP and COO Asaf Silberstein exercised 17,773 Restricted Stock Units into common shares on March 5, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Semtech Corp EVP and COO Asaf Silberstein exercised 17,773 Restricted Stock Units into common shares on March 5, 2026. To satisfy tax obligations, 7,585 shares were withheld at $89.75 per share. After these transactions, he directly holds 78,684 shares of Semtech common stock.
Insider Trade Summary
17,773 shares exercised/converted
Exercise
3 txns
Insider
Silberstein Asaf
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 17,773 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,773 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,585 | $89.75 | $681K |
Holdings After Transaction:
Restricted Stock Unit — 17,774 contracts (Direct);
Common Stock — 78,684 shares (Direct)
Footnotes (2)
- F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- F2. This grant vests in three annual installments beginning on March 5, 2025.
Key Figures
RSUs exercised: 17,773.0000 shares
Tax withholding shares: 7,585.0000 shares
Tax withholding price: $89.7500 per share
+1 more
4 metrics
RSUs exercised
17,773.0000 shares
Restricted Stock Units converted to Semtech common stock on March 5, 2026
Tax withholding shares
7,585.0000 shares
Common shares delivered to satisfy tax liability at $89.7500 per share
Tax withholding price
$89.7500 per share
Per-share value used for the 7,585-share tax-withholding disposition
Post-transaction holdings
78,684 shares
Semtech common stock directly owned by Asaf Silberstein after these transactions
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security
3 terms
Restricted Stock Unit financial
"Security title reported as Restricted Stock Unit for the 17,773-unit conversion"
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.
tax-withholding disposition financial
"Transaction action described as tax-withholding disposition for 7,585 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Transaction code description notes 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Semtech (SMTC) executive Asaf Silberstein report?
Asaf Silberstein reported exercising 17,773 Restricted Stock Units into Semtech common stock on March 5, 2026. In connection with this event, 7,585 shares were withheld to cover tax obligations, leaving him with 78,684 shares directly owned.
How many Restricted Stock Units did Semtech (SMTC) convert for Asaf Silberstein?
The Form 4 reports the conversion of 17,773 Restricted Stock Units into an equal number of Semtech common shares. Each unit represents a contingent right to receive one share, with the grant vesting in three annual installments beginning March 5, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
