Semtech CFO Lin exercises RSUs, sells 970 shares
Semtech EVP and CFO Mark Lin exercised 3,164 restricted stock units into common stock and completed related tax withholding and sale transactions on July 1, 2026.
Rhea-AI Filing Summary
Semtech EVP and CFO Mark Lin exercised 3,164 restricted stock units into common stock and completed related tax withholding and sale transactions on July 1, 2026. Of the vested shares, 1,561 were disposed of to cover tax obligations and 970 were sold in an open-market trade at $150.405 per share. Following these transactions, Lin directly holds 34,896 shares of Semtech common stock. The filing notes that the sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on June 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Lin Mark
Role
EVP and CFO
Sold
970 shs ($146K)
Approx. gross sale proceeds
$146K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,164 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,164 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,561 | $161.85 | $253K |
| Sale | Common Stock | 970 | $150.405 | $146K |
Holdings After Transaction:
Restricted Stock Unit — 3,165 contracts (Direct);
Common Stock — 34,896 shares (Direct)
Footnotes (3)
- F1. This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lin on June 23, 2025.
- F2. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- F3. One third of this grant vested on October 2, 2024 and the remainder of this grant vests in eight quarterly installments beginning on January 2, 2025.
Key Figures
Open-market sale: 970 shares at $150.405
RSUs exercised: 3,164 shares
Tax-withholding shares: 1,561 shares
+2 more
5 metrics
Open-market sale
970 shares at $150.405
Common stock sold on July 1, 2026
RSUs exercised
3,164 shares
Restricted stock units converted to common stock
Tax-withholding shares
1,561 shares
Shares delivered to cover tax obligations
Shares held after transactions
34,896 shares
Direct common stock ownership after July 1, 2026
Exercise-related transactions
1 derivative exercise
Exercise of derivative security tied to RSUs
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lin on June 23, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Unit financial
"Restricted Stock Unit, transaction code M, underlying security title Common Stock."
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: tax-withholding disposition, transaction_code F."
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 exercise/conversion financial
"transaction_action: derivative exercise/conversion, transaction_code M."
open-market sale financial
"transaction_action: open-market sale, transaction_code S."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Semtech (SMTC) CFO Mark Lin report on July 1, 2026?
Semtech CFO Mark Lin reported exercising 3,164 restricted stock units, with 1,561 shares withheld for taxes and 970 shares sold in the open market. These actions reflect routine equity compensation events and related liquidity management disclosed in a Form 4 filing.
What does the tax-withholding disposition in Semtech (SMTC) CFO Mark Lin’s filing mean?
The Form 4 shows 1,561 shares classified as a tax-withholding disposition. This means shares were delivered to satisfy tax liabilities arising from the vesting and exercise of 3,164 restricted stock units, rather than being sold in an open-market transaction.
What are the restricted stock units mentioned in Semtech (SMTC) CFO Mark Lin’s Form 4?
The filing describes restricted stock units where each unit represents the right to receive one share of Semtech common stock. One third of the grant vested on October 2, 2024, with the remaining units vesting in eight quarterly installments beginning January 2, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
