HOU HONG Q 4

What Happened

Hou Hong Q, President & CEO of Semtech Corporation, converted 8,129 contingent stock units into common shares on June 10, 2026. Of those, 4,137 shares were withheld to satisfy tax withholding obligations at $157.52 per share (≈ $651,660). The conversion had an exercise/conversion price of $0.00, so Hou received a net 3,992 shares (8,129 − 4,137), worth about $628,820 at the reported per‑share price.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely — within the two‑business‑day reporting window).
• Codes: M = exercise/conversion of derivative (stock units); F = payment of tax liability via share withholding.
• Shares converted: 8,129 stock units → 8,129 shares converted at $0.00.
• Shares withheld for taxes: 4,137 shares at $157.52 each = $651,660.
• Net shares received: 3,992 shares (approx. $628,820 at $157.52).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 clarifies each stock unit equals the contingent right to one share. F2 notes the underlying grant vested 1/3 on March 10, 2026, with the remainder vesting in eight quarterly installments beginning June 10, 2026.

Context

• This was a conversion of vested stock units (similar to RSUs), not an open‑market purchase or a sale for cash gain. The withholding of 4,137 shares was to cover tax obligations — a routine administrative step, not a directional bet on the stock.
• The filing shows no evidence of a 10b5‑1 plan, gift, or a late filing.