Form 4: Semtech SVP and GM, Madhusudhan Rayabhari, Reports Stock Transactions

Madhusudhan Rayabhari, SVP and GM of Semtech Corp, reports multiple transactions involving common stock and restricted stock units from March 7-9, 2024.

Summary

• Madhusudhan Rayabhari, a Senior Vice President and General Manager at Semtech Corp, filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred between March 7, 2024, and March 9, 2024.
• Rayabhari exercised restricted stock units (RSUs) and simultaneously disposed of shares to cover tax obligations.
• Specifically, on March 7, 2024, 8,496 RSUs were exercised, and 3,238 shares were disposed of at a price of $23.32.
• On March 8, 2024, 4,260 RSUs were exercised, and 1,520 shares were disposed of at a price of $23.71.
• On March 9, 2024, 2,348 RSUs were exercised, and 838 shares were disposed of at a price of $23.35.
• Following these transactions, Rayabhari directly owns 31,825 shares of Semtech common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares in the market.

Key Dates