Form 4: Semtech SVP Imran Sherazi Executes Stock Sales Under 10b5-1 Plan

Semtech SVP and GM Imran Sherazi sold shares of common stock on December 19 and 20, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Imran Sherazi, SVP and GM of Semtech Corp, reported the sale of Semtech common stock.
• The transactions occurred on December 19 and 20, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 19, 2024.
• On December 19, 2024, 2,398 shares were sold at a weighted average price of $63.1808, with prices ranging from $62.65 to $63.64.
• An additional 548 shares were sold on December 19, 2024, at a weighted average price of $63.7994, with prices ranging from $63.665 to $63.965.
• On December 20, 2024, 4,965 shares were sold at $65.
• Following these transactions, Sherazi directly owns 1,352 shares of Semtech common stock.

Sentiment

Score: 5

Explanation: The document simply reports stock sales under a pre-arranged plan, so it's neutral.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, though sales under 10b5-1 plans are pre-arranged and less indicative of immediate sentiment.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the pre-arranged nature of the sales mitigates this.

Key Dates