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Semtech (SMTC) EVP and COO’s family trust sells 5,000 company shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Semtech Corporation executive Asaf Silberstein reported an insider stock sale linked to a family trust. On 01/22/2026, The Silberstein Family Trust DTD 07/11/2016, for which he serves as Trustee, sold 5,000 shares of Semtech common stock at a price of $83 per share in an open market transaction.

Following this sale, the filing shows 88,496 shares of Semtech common stock beneficially owned. Silberstein is listed as Executive Vice President and Chief Operating Officer, and the sale was made under a Rule 10b5-1 trading plan adopted on September 5, 2025.

Positive

  • None.

Negative

  • None.
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).
X
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*
Silberstein Asaf

(Last) (First) (Middle)
200 FLYNN ROAD

(Street)
CAMARILLO CA 93012-8790

(City) (State) (Zip)
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 COO
3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 01/22/2026 S 5,000 D $83 88,496(1) 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
Explanation of Responses:
1. Shares are held by The Silberstein Family Trust DTD 07/11/2016, for which the Reporting Person serves as Trustee.
Remarks:
This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2025.
/s/Asaf Silberstein by Mark Lin under Power of Attorney dated November 5, 2025 (Copy On File) 01/26/2026
** 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.

FAQ

What insider transaction did Semtech (SMTC) report for Asaf Silberstein?

The filing reports a sale of 5,000 shares of Semtech common stock on 01/22/2026, executed at $83 per share.

Who executed the 5,000-share sale reported for Semtech (SMTC)?

The shares are held by The Silberstein Family Trust DTD 07/11/2016, for which Asaf Silberstein serves as Trustee.

What is Asaf Silberstein’s role at Semtech (SMTC)?

Asaf Silberstein is identified as an Officer of Semtech, holding the title EVP and COO (Executive Vice President and Chief Operating Officer).

How many Semtech (SMTC) shares does the Form 4 show after the transaction?

After the reported sale, the Form 4 shows 88,496 shares of Semtech common stock beneficially owned.

Was the Semtech (SMTC) insider sale made under a trading plan?

Yes. The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2025.

What type of security was involved in the Semtech (SMTC) insider transaction?

The transaction involved Semtech common stock, reported as a non-derivative security in Table I of the Form 4.
Semtech

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