Form 4: Semtech EVP and COO Asaf Silberstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Asaf Silberstein, EVP and COO of Semtech, reports the acquisition and disposal of Semtech common stock and restricted stock units on March 4th and 5th, 2025.
Summary
- Asaf Silberstein, the EVP and COO of Semtech, filed a Form 4 detailing changes in his beneficial ownership of Semtech securities.
- On March 4, 2025, Silberstein acquired 4,526 shares of common stock at $0 related to performance stock units from fiscal year 2023.
- He also acquired 9,930 shares of common stock at $0 related to performance stock units from fiscal year 2024 on the same day.
- Additionally, on March 4, 2025, he disposed of 5,173 shares of common stock at $35.58.
- On March 5, 2025, Silberstein acquired 17,773 shares of common stock at $0 and disposed of 7,978 shares at $36.05.
- He also acquired 17,773 restricted stock units that vest in three annual installments beginning on March 5, 2025.
- Following these transactions, Silberstein directly owns 95,495 shares of Semtech common stock and 35,547 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation and stock ownership.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the technology industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted to Mark Lin. |
| March 4, 2025 | Acquisition and disposal of common stock. |
| March 5, 2025 | Acquisition and disposal of common stock and vesting of restricted stock units. |
| March 5, 2025 | First vesting date for restricted stock units. |
| March 6, 2025 | Date of Form 4 signature. |
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