Semtech EVP exercises 2,511 RSUs into stock

Semtech’s EVP and CCO exercised RSUs into common stock, with part of the shares withheld to cover exercise price or tax obligations.

Rhea-AI Filing Summary

SEMTECH CORP (SMTC) reported that EVP and CCO Jason Elliot Green exercised 2,511 Restricted Stock Units on September 10, 2026, receiving an equivalent number of common shares. Of the common shares issued, 989 shares were delivered or withheld to cover the exercise price or tax liability at $163.94 per share. Following this transaction, Green held 15,065 Restricted Stock Units directly. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

2,511 shares exercised/converted

Exercise 3 txns

Insider Green Jason Elliot

Role EVP and CCO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F1, F2	2,511	$0.00	$0.00
Exercise	Common Stock	2,511	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	989	$163.94	$162K

Holdings After Transaction: Restricted Stock Unit — 15,065 contracts (Direct); Common Stock — 10,133 shares (Direct)

Footnotes (2)

1. F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
2. F2. One third of this grant vested on March 10, 2026 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2026.

Key Figures

Restricted Stock Units exercised: 2,511 units Common shares received from RSU conversion: 2,511 shares Shares delivered or withheld for exercise price or tax liability: 989 shares +2 more

5 metrics

Restricted Stock Units exercised 2,511 units Converted into common stock on September 10, 2026

Common shares received from RSU conversion 2,511 shares Issued to Jason Elliot Green on September 10, 2026

Shares delivered or withheld for exercise price or tax liability 989 shares Code F transaction at $163.94 per share on September 10, 2026

Price used for tax or exercise settlement $163.94 per share Applied to 989 common shares in the code F transaction

Restricted Stock Units held after transaction 15,065 units Direct RSU holdings of Jason Elliot Green following the exercise

Key Terms

Restricted Stock Unit, exercise or conversion of derivative security, exercise price or tax liability, Rule 10b5-1

4 terms

Restricted Stock Unit financial

"The security title for the derivative transaction is "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.

exercise or conversion of derivative security financial

"The Form 4 describes the code M transaction as an exercise or conversion of derivative security"

exercise price or tax liability financial

"Code F is defined as payment of exercise price or tax liability by delivering or withholding securities"

Rule 10b5-1 regulatory

"The document-level checkbox indicates whether transactions are under a Rule 10b5-1 plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SMTC’s EVP and CCO report on September 10, 2026?

Jason Elliot Green exercised 2,511 Restricted Stock Units, receiving an equivalent number of SMTC common shares, and had 989 of those shares delivered or withheld to cover the exercise price or tax liability at $163.94 per share.

How many Semtech (SMTC) shares were used to cover exercise price or taxes?

A total of 989 common shares of Semtech were delivered or withheld at $163.94 per share to satisfy the exercise price or tax liability associated with the September 10, 2026 equity transaction.

How many Restricted Stock Units does SMTC’s EVP and CCO hold after this Form 4?

After the September 10, 2026 transactions, Jason Elliot Green directly holds 15,065 Restricted Stock Units, each representing the contingent right to receive one share of Semtech common stock upon vesting or settlement, as disclosed in the filing footnotes.

Were the SMTC insider transactions made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with the September 10, 2026 transactions by Jason Elliot Green.

What type of equity award did SMTC’s EVP and CCO exercise in this Form 4?

The transaction involved Restricted Stock Units, each representing the contingent right to receive one share of Semtech common stock. On September 10, 2026, 2,511 such units were converted into an equal number of common shares.

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

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Available on EDGAR 09/14/2026 - 04:03 PM Accepted by SEC EDGAR 09/14/2026 - 04:02 PM Learn about SEC filing dates

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^*

Green Jason Elliot

(Last) (First) (Middle)

200 FLYNN RD.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		M		2,511	A	$0	11,122	D
Common Stock	09/10/2026		F		989	D	$163.94	10,133	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)	09/10/2026		M			2,511	(2)	(2)	Common Stock	2,511	$0	15,065	D

Explanation of Responses:

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

2. One third of this grant vested on March 10, 2026 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2026.

Remarks:

	/s/Jason Green by Mark Lin under Power of Attorney dated October 16, 2025 (Copy on File)	09/14/2026
	** 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)