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

Rhea-AI Filing Summary

SEMTECH CORP director Gregory Michael Fischer reported equity compensation and an option-like exercise, not any open-market trading. He received a grant of 1,180 Restricted Stock Units (RSUs), each representing the right to one share of Semtech common stock. Separately, 5,321 RSUs were exercised into 5,321 shares of common stock, fully settling that RSU award. Following these transactions, he directly holds 7,178 shares of Semtech common stock. Footnotes explain that RSU awards vest around the company’s annual meeting of stockholders and are payable in shares.

Insider Trade Summary

5,321 shares exercised/converted

Mixed 3 txns

Insider Fischer Gregory Michael

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 — 7,178 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.

Key Figures

RSU grant: 1,180 units RSUs exercised: 5,321 units Shares received from exercise: 5,321 shares +2 more

5 metrics

RSU grant 1,180 units Restricted Stock Units granted to director

RSUs exercised 5,321 units RSUs converted into common stock

Shares received from exercise 5,321 shares Common stock from RSU conversion

Shares held after transactions 7,178 shares Director’s direct common stock holdings post-transaction

Transaction price per share (RSUs) $0.00 Grant and exercise price for RSUs

Key Terms

Restricted Stock Unit, contingent right, Annual Meeting of Stockholders, vest

4 terms

Restricted Stock Unit financial

"The filing lists "Restricted Stock Unit" as the security title for two transactions."

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 financial

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

Annual Meeting of Stockholders financial

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

vest financial

"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."

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.

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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^*

Fischer Gregory Michael

(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		5,321	A	$0	7,178	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			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/Gregory M. Fischer 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)

FAQ

What insider transactions did SEMTECH CORP (SMTC) director Gregory Michael Fischer report?

Gregory Michael Fischer reported equity compensation transactions, not open-market trades. He received a grant of 1,180 Restricted Stock Units and exercised 5,321 RSUs into 5,321 shares of Semtech common stock, increasing his direct shareholdings as part of his board compensation.

How many SEMTECH CORP (SMTC) shares does Gregory Michael Fischer hold after these Form 4 transactions?

After the reported transactions, Gregory Michael Fischer directly holds 7,178 shares of Semtech common stock. This reflects the conversion of 5,321 Restricted Stock Units into shares and his existing holdings, as shown by the post-transaction balance in the non-derivative common stock line.

What Restricted Stock Unit (RSU) grants did SEMTECH CORP (SMTC) disclose for Gregory Michael Fischer?

Semtech disclosed a grant of 1,180 Restricted Stock Units to director Gregory Michael Fischer. Each stock unit represents the contingent right to receive one share of Semtech common stock, vesting based on the company’s standard RSU schedule tied to its annual meeting of stockholders.

Were any SEMTECH CORP (SMTC) shares sold in Gregory Michael Fischer’s latest Form 4?

No share sales were reported in this Form 4. The filing shows three acquisition-type entries: one grant of 1,180 Restricted Stock Units and an exercise of 5,321 RSUs into 5,321 common shares, with no sell transactions or tax-withholding dispositions listed in the summary.

How do SEMTECH CORP (SMTC) RSUs for directors vest according to this filing?

The filing states that certain RSU awards vest on the earlier of one year after the grant date or immediately before the first annual meeting of stockholders following the grant. Vested stock units are payable in shares of Semtech common stock upon settlement.

What happened to the 5,321 SEMTECH CORP (SMTC) Restricted Stock Units reported with code M?

The 5,321 Restricted Stock Units reported with transaction code M were exercised or converted into 5,321 shares of Semtech common stock. After this conversion, the balance of those RSUs dropped to zero, indicating the underlying derivative position was fully settled.