Form 4: Semtech Corp Director Gregory Fischer Sells Shares Under 10b5-1 Trading Plan

Semtech Corp director Gregory Fischer sold a total of 1,888 common shares on December 10, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Gregory Fischer, a director at Semtech Corp, sold 1,345 shares of common stock at a weighted average price of $62.7549 on December 10, 2024.
• He also sold 543 shares of common stock at a weighted average price of $63.8732 on the same day.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on September 4, 2024.
• Following these sales, Mr. Fischer beneficially owns 2,534 shares of Semtech Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing detailing stock sales by a director under a pre-arranged trading plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for insider trading activity. It is common for executives and directors to use 10b5-1 trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The use of a 10b5-1 trading plan is a common method for corporate insiders to sell shares without raising concerns about insider trading, and is a standard practice across the industry.
• The volume of shares sold is relatively small compared to the overall market capitalization of Semtech Corp, and is not unusual for a director's trading activity.

Stakeholder Impact

• The stock sales by a director may have a minor impact on the share price, but the transactions are not significant enough to cause major fluctuations.

Key Dates

Keywords

Semtech Corp, insider trading, Form 4, stock sale, Rule 10b5-1, Gregory Fischer, director, equity securities