Semtech (SMTC) director Li sells 5,285 shares at $166.84, keeps 6,464

Rhea-AI Filing Summary

SEMTECH CORP director Ye Jane Li reported an open-market sale of 5,285 shares of common stock. The sale occurred on May 28, 2026 at an average price of $166.8416 per share. After this transaction, she directly owns 729 Semtech shares.

The filing also shows 5,735 shares held indirectly through a family trust. A footnote explains that on February 3, 2026, 4,265 shares were moved from a grantor retained annuity trust to her living trust for no consideration, with remaining trust shares reported as indirectly owned.

Insights

Equity compensation and insider-trading analyst

Director Li executed a meaningful open-market sale while retaining a smaller equity stake.

The Form 4 shows director Ye Jane Li sold 5,285 shares of SEMTECH CORP common stock on May 28, 2026 at an average price of $166.8416. This is a discretionary open-market transaction, unlike automatic tax withholding or routine option exercises.

Following the sale, she holds 729 shares directly and 5,735 shares indirectly through a family trust. A footnote notes a prior transfer of 4,265 shares on February 3, 2026 from a grantor retained annuity trust to her living trust for no consideration, highlighting estate-planning activity alongside portfolio changes.

Insider Trade Summary

Net Seller: 5,285 shares

Net Sell 2 txns

Insider Li Ye Jane

Role Director

Sold 5,285 shs ($882K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,285	$166.8416	$882K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 729 shares (Direct); Common Stock — 5,735 shares (Indirect, By Family Trust)

Footnotes (1)

1. F1. On February 3, 2026, the reporting person transferred 4,265 shares of Semtech common stock from The Ye Jane Li Grantor Retained Annuity Trust to her living trust for no consideration. The 4,265 shares so transferred are included in the reporting person's shares reported in Table I as being sold or owned directly. The shares of Semtech common stock remaining held by The Ye Jane Li Grantor Retained Annuity Trust after such transfer are reported in Table I as being owned indirectly. The reporting person is trustee of The Ye Jane Li Grantor Retained Annuity Trust, and the reporting person and members of her immediate family are the sole beneficiaries of the trust.

Key Figures

Shares sold: 5,285 shares Sale price per share: $166.8416 per share Direct holdings after sale: 729 shares +3 more

6 metrics

Shares sold 5,285 shares Open-market sale on May 28, 2026

Sale price per share $166.8416 per share Average price for 5,285 shares sold

Direct holdings after sale 729 shares Common stock directly owned after May 28, 2026 sale

Indirect holdings 5,735 shares Common stock held through family trust

Net buy/sell shares -5,285 shares Net-sell direction from transaction summary

Shares transferred between trusts 4,265 shares Moved on February 3, 2026 for no consideration

Key Terms

open-market sale, Grantor Retained Annuity Trust, living trust, indirect ownership, +1 more

5 terms

open-market sale financial

"transaction_action: open-market sale"

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.

Grantor Retained Annuity Trust financial

"The Ye Jane Li Grantor Retained Annuity Trust to her living trust"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

living trust financial

"transferred 4,265 shares ... to her living trust for no consideration"

indirect ownership financial

"reported in Table I as being owned indirectly"

family trust financial

"total_shares_following_transaction: 5735.0000, nature_of_ownership: By Family Trust"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/01/2026 - 04:02 PM Learn about SEC filing dates

FAQ

What did Semtech (SMTC) director Ye Jane Li report in this Form 4?

Director Ye Jane Li reported an open-market sale of 5,285 shares of Semtech common stock at an average price of $166.8416 on May 28, 2026. The filing also details her remaining direct and indirect share ownership after the transaction.

How many Semtech (SMTC) shares did Ye Jane Li sell and at what price?

She sold 5,285 shares of Semtech common stock in an open-market transaction at an average price of $166.8416 per share. This represented a net-sell transaction according to the filing’s transaction summary data.

How many Semtech (SMTC) shares does Ye Jane Li hold after the reported sale?

After the sale, Ye Jane Li directly owns 729 Semtech common shares. The filing also shows 5,735 shares held indirectly through a family trust, reflecting additional beneficial ownership beyond her direct holdings.

What indirect Semtech (SMTC) holdings does Ye Jane Li report?

She reports 5,735 Semtech common shares held indirectly through a family trust. The filing explains she is trustee of the grantor retained annuity trust, and she and her immediate family are the sole beneficiaries of that trust structure.

What is the significance of the February 3, 2026 transfer mentioned in the Semtech Form 4?

On February 3, 2026, 4,265 Semtech shares were transferred from The Ye Jane Li Grantor Retained Annuity Trust to her living trust for no consideration. These transferred shares are included in the shares shown as sold or owned directly in the Form 4.

Does the Semtech (SMTC) Form 4 involve any derivative securities or option exercises?

No derivative transactions are listed in this Form 4. The derivative summary is empty, and the reported activity centers on common stock, including one open-market sale and a separate holding entry for indirectly owned shares.

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^*

Li Ye Jane

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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	05/28/2026		S		5,285	D	$166.8416	729	D
Common Stock								5,735(1)	I	By Family Trust

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. On February 3, 2026, the reporting person transferred 4,265 shares of Semtech common stock from The Ye Jane Li Grantor Retained Annuity Trust to her living trust for no consideration. The 4,265 shares so transferred are included in the reporting person's shares reported in Table I as being sold or owned directly. The shares of Semtech common stock remaining held by The Ye Jane Li Grantor Retained Annuity Trust after such transfer are reported in Table I as being owned indirectly. The reporting person is trustee of The Ye Jane Li Grantor Retained Annuity Trust, and the reporting person and members of her immediate family are the sole beneficiaries of the trust.

Remarks:

	/s/Ye Jane Li by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)	06/01/2026
	** 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)