Form 4: Semtech COO Sells Shares Under Pre-Arranged Trading Plan

Semtech's EVP and COO, Asaf Silberstein, sold 2,000 shares of common stock in late August 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Asaf Silberstein, Executive Vice President and Chief Operating Officer of Semtech Corp (SMTC), reported the sale of 2,000 shares of common stock.
• The sales occurred on August 28, 2025, and August 29, 2025.
• On August 28, 2025, 1,000 shares were sold at a price of $60.00 per share.
• On August 29, 2025, 900 shares were sold at a weighted average price of $58.2478 per share, with prices ranging from $57.73 to $58.655.
• Also on August 29, 2025, an additional 100 shares were sold at a weighted average price of $59.951 per share, with prices ranging from $59.95 to $60.00.
• Following these transactions, Asaf Silberstein beneficially owns 103,996 shares of common stock.
• All reported transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2024.
• The shares are held by The Silberstein Family Trust DTD 07/11/2016, for which Asaf Silberstein serves as Trustee.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported sales are routine transactions executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates personal financial planning rather than a change in management's outlook on the company.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating planned liquidity or diversification rather than opportunistic selling based on new, non-public information.

Negatives

• Insider selling, even under a 10b5-1 plan, reduces the executive's direct equity alignment with shareholders, which can sometimes be perceived negatively by the market.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general market perception of insider share sales.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Transactions are pursuant to a Rule 10b5-1 trading plan adopted by Mr. Silberstein on September 5, 2024.

Industry Context

This insider transaction report is specific to Semtech Corp and its executive, Asaf Silberstein, and does not provide direct insights into broader industry trends or competitor activities. Such filings are routine disclosures required for public company executives.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may observe a slight reduction in direct equity alignment from a key executive, though the impact is mitigated by the pre-planned nature of the sales under a 10b5-1 plan.

Key Dates

Recommendation

The filing reports routine insider share sales executed under a pre-arranged Rule 10b5-1 trading plan, which typically does not signal a change in company fundamentals or warrant an immediate shift in investment strategy. The sales are likely for personal financial planning rather than a reflection of management's view on the company's immediate prospects.

Keywords

Semtech, SMTC, Asaf Silberstein, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation