Form 4: Semtech Director Sells Entire Common Stock Holding in Pre-Planned Transaction

Rodolpho C. Cardenuto, a Director at Semtech Corp. (SMTC), has sold all 13,123 shares of his common stock holdings for approximately $548,600 through a pre-arranged 10b5-1 trading plan.

Summary

• Rodolpho C. Cardenuto, a Director of Semtech Corp. (SMTC), disposed of 13,123 shares of common stock on June 18, 2025.
• The shares were sold at a weighted average price of $41.8154 per share, with prices ranging from $41.70 to $41.975.
• This transaction was conducted pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Following this sale, Mr. Cardenuto's direct beneficial ownership of Semtech common stock is now 0 shares.

Sentiment

Score: 3

Explanation: While the sale was pre-planned under a 10b5-1 plan, a director selling their entire common stock holding is generally viewed as a negative signal by the market, as it reduces their personal stake and alignment with shareholder interests. The score reflects this potential negative perception despite the pre-planned nature.

Negatives

• A Director selling their entire common stock holding could be perceived negatively by investors, as it reduces their direct financial alignment with the company's future performance.
• The sale of 13,123 shares by a director, even if pre-planned, might raise questions about insider confidence in the company's long-term prospects.

Risks

• The complete divestment of common stock by a director may lead to a decrease in investor confidence, potentially impacting the company's stock price.
• While executed under a 10b5-1 plan, the transaction could be misinterpreted by the market as a signal of internal concerns, despite being pre-scheduled.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It is a routine disclosure of a director's stock activity.

Stakeholder Impact

• Shareholders: May interpret the director's complete divestment as a lack of confidence, potentially leading to negative sentiment or selling pressure on the stock.
• Employees: No direct impact mentioned, but general market sentiment can indirectly affect employee morale or stock-based compensation value.

Key Dates

Keywords

Semtech Corp, SMTC, Rodolpho C. Cardenuto, Director, Insider Sale, Form 4, SEC Filing, Stock Transaction, 10b5-1 Plan, Common Stock