HOU HONG Q 4

What Happened
Hou Hong Q, Semtech’s President & CEO and a company director, sold a total of 9,605 Semtech (SMTC) shares in two open‑market transactions on June 29, 2026. The filings report: 7,319 shares at $152.43 each (proceeds $1,115,665) and 2,286 shares at $152.99 each (proceeds $349,743), for combined proceeds of approximately $1,465,408. These were outright sales (dispositions), not option exercises or awards.

Key Details

• Transaction date: 2026-06-29; Form 4 filed: 2026-07-01.
• Reported prices and amounts: 7,319 @ $152.43 ($1,115,665) and 2,286 @ $152.99 ($349,743).
• Total shares sold: 9,605; total proceeds: ≈ $1,465,408.
• Footnotes: F1 notes the first sale’s weighted‑average prices ranged $151.83–$152.825; F2 notes the second sale’s weighted‑average prices ranged $152.840–$153.050. Detailed price/share breakdowns are available on request.
• Shares owned after the transactions: not specified in the provided filing.
• Filing timing: Form 4 was filed July 1 reporting June 29 trades; the filing does not indicate a late report.

Context
These were open‑market sales (dispositions), which are relatively common for executives and do not by themselves indicate a change in company fundamentals. Purchases generally carry more informational weight than routine sales; the filing does not state a reason (e.g., diversification, tax). Investors who track insider activity should consider this sale alongside other insider transactions and Semtech’s business performance before drawing conclusions.