Semtech COO exercises RSUs, withholds shares for tax
Semtech EVP and COO Asaf Silberstein reported routine equity compensation activity involving company stock.
Rhea-AI Filing Summary
Semtech EVP and COO Asaf Silberstein reported routine equity compensation activity involving company stock. He exercised 2,438 restricted stock units into an equal number of common shares and, in a related move, 1,241 common shares were disposed of to cover tax obligations through share withholding.
After these transactions, he directly holds 105,362 shares of Semtech common stock and 17,072 restricted stock units. The filing reflects option/RSU vesting and associated tax payments rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,438 shares exercised/converted
Exercise
3 txns
Insider
Silberstein Asaf
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,438 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,438 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,241 | $157.52 | $195K |
Holdings After Transaction:
Restricted Stock Unit — 17,072 contracts (Direct);
Common Stock — 105,362 shares (Direct)
Footnotes (2)
- F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- 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
Tax-withholding shares: 1,241 shares
Tax-withholding reference price: $157.52 per share
RSUs exercised: 2,438 units
+2 more
5 metrics
Tax-withholding shares
1,241 shares
Common Stock disposed on June 10, 2026 to pay taxes
Tax-withholding reference price
$157.52 per share
Value used for 1,241-share tax-withholding disposition
RSUs exercised
2,438 units
Restricted Stock Units converted into common stock on June 10, 2026
Shares held after transactions
105,362 shares
Direct Semtech common stock holding after June 10, 2026 events
RSUs held after transactions
17,072 units
Restricted Stock Unit balance following the reported exercise
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, derivative security, +1 more
5 terms
Restricted Stock Unit financial
"security_title: "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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each stock unit represents the contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Semtech (SMTC) COO Asaf Silberstein report?
Asaf Silberstein reported exercising 2,438 restricted stock units into common shares and a related tax-withholding disposition of 1,241 common shares. These transactions reflect equity compensation vesting and associated tax payments, not open-market purchases or sales of Semtech stock.
Was the Semtech (SMTC) Form 4 transaction an open-market sale or purchase?
The Form 4 shows no open-market sale or purchase. Instead, it records a derivative exercise of 2,438 restricted stock units into common shares and a tax-withholding disposition of 1,241 shares used to satisfy tax obligations tied to the vesting.
What does the tax-withholding disposition in the Semtech (SMTC) Form 4 mean?
The tax-withholding disposition reflects 1,241 Semtech common shares delivered to cover tax liabilities from equity compensation. This is coded as an F transaction, indicating payment of exercise price or tax liability by delivering securities, not a discretionary market sale.
What are the terms of the restricted stock units in this Semtech (SMTC) filing?
Each restricted stock unit represents the contingent right to receive one share of Semtech common stock. One third of the grant vested on March 10, 2026, with the remainder vesting in eight quarterly installments beginning June 10, 2026, according to the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
