Semtech (NASDAQ: SMTC) director exercises 5,321 RSUs and receives 1,180-unit grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Semtech Corp director Saar Gillai reported routine equity compensation activity. Gillai received a grant of 1,180 Restricted Stock Units (RSUs), each representing the contingent right to one share of Semtech common stock. Separately, 5,321 RSUs were exercised and converted into 5,321 shares of common stock, with no shares sold in this filing. Following these transactions, Gillai directly holds 14,844 shares of common stock. The newly granted RSUs vest on the earlier of the one-year anniversary of the award or the day immediately before the next annual meeting of stockholders and are payable in shares.

Insider Trade Summary

5,321 shares exercised/converted

Mixed 3 txns

Insider Gillai Saar

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,180	$0.00	--
Exercise	Restricted Stock Unit	5,321	$0.00	--
Exercise	Common Stock	5,321	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,180 shares (Direct, null); Common Stock — 14,844 shares (Direct, null)

Footnotes (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.

Key Figures

RSU grant: 1,180 units RSUs exercised: 5,321 units Shares after transactions: 14,844 shares +2 more

5 metrics

RSU grant 1,180 units Restricted Stock Units granted to director on 2026-06-04

RSUs exercised 5,321 units RSUs converted into common stock on 2026-06-03

Shares after transactions 14,844 shares Common stock directly held following Form 4 transactions

RSU-to-share ratio 1:1 Each stock unit represents one share of Semtech common stock

Vesting trigger Earlier of 1 year or next meeting New RSUs vest by first annual meeting or one-year anniversary

Key Terms

Restricted Stock Unit, contingent right to receive one share, Annual Meeting of Stockholders, vested, +1 more

5 terms

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.

Annual Meeting of Stockholders financial

"day immediately preceding the 2026 Annual Meeting of Stockholders"

vested financial

"This RSU award fully vested on the day immediately preceding"

payable in shares financial

"are payable in shares"

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 04:05 PM

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^*

Gillai Saar

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/03/2026		M		5,321	A	$0	14,844	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	06/03/2026		M			5,321	⁽²⁾	⁽²⁾	Common Stock	5,321	$0	0	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.

Remarks:

	/s/Saar Gillai by Mark Lin under Power of Attorney dated October 6, 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Semtech (SMTC) director Saar Gillai report?

Saar Gillai reported a routine equity grant and an RSU exercise. He received 1,180 Restricted Stock Units and exercised 5,321 RSUs into the same number of common shares, with no sales disclosed in this Form 4.

How many Semtech (SMTC) shares does Saar Gillai hold after this Form 4?

After these transactions, Saar Gillai directly holds 14,844 shares of Semtech common stock. This reflects the conversion of 5,321 Restricted Stock Units into shares and adds to his existing direct ownership position reported in the filing.

What RSU grant did Semtech (SMTC) give director Saar Gillai?

Semtech granted Saar Gillai 1,180 Restricted Stock Units. Each RSU represents the contingent right to receive one share of Semtech common stock, subject to vesting conditions tied to time and the timing of the next annual stockholder meeting.

What are the vesting terms of Saar Gillai’s new Semtech (SMTC) RSUs?

The 1,180 RSUs vest on the earlier of one year from the award date or the day immediately before the first annual meeting of stockholders following the grant. Once vested, the units are payable in shares of Semtech common stock.

Did Semtech (SMTC) director Saar Gillai sell any shares in this Form 4?

No sales were reported in this Form 4. The filing shows an RSU grant and the exercise of 5,321 RSUs into common stock, increasing Saar Gillai’s direct share holdings without any disclosed open-market dispositions.