Form 4: Semtech Corp Executive Sells 2,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Semtech Corp's EVP and COO, Asaf Silberstein, sold 2,000 shares of common stock at $70 per share on January 15, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Asaf Silberstein, the EVP and COO of Semtech Corp, sold 2,000 shares of common stock on January 15, 2025.
- The sale was executed at a price of $70 per share.
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 5, 2024.
- Following the transaction, Mr. Silberstein beneficially owns 76,417 shares of Semtech Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for an executive stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
This is a routine filing related to insider trading activity and is common for executives who have pre-arranged trading plans.
Comparison to Industry Standards
- Rule 10b5-1 trading plans are a common practice among corporate executives to avoid accusations of insider trading.
- The sale of 2,000 shares is a relatively small transaction compared to the total holdings of the executive and is not unusual.
- Other companies in the technology sector also have executives who use 10b5-1 plans for stock transactions.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the pre-arranged nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 2023-10-06 | Date of Power of Attorney for Mark Lin to sign on behalf of Asaf Silberstein. |
| 2024-09-05 | Date Asaf Silberstein adopted the Rule 10b5-1 trading plan. |
| 2025-01-15 | Date of the stock sale transaction. |
| 2025-01-17 | Date of the signature on the Form 4 filing. |
Keywords
Semtech Corp, insider trading, Form 4, stock sale, Asaf Silberstein, Rule 10b5-1, executive, SMTC
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