WILSON JOHN MICHAEL 4

What Happened

• John Michael Wilson, Chief Quality Officer and CTO of Semtech (SMTC), converted 12,385 stock units into 12,385 shares (code M) on 2026-03-05. The reported exercise/conversion price was $0.00.
• To cover taxes, he surrendered 4,822 of those shares (code F) at $89.75 per share, a withholding value of $432,775. Net shares remaining from the conversion = 12,385 − 4,822 = 7,563 shares.

Key Details

• Transaction date: March 5, 2026; Form filed March 9, 2026 (timely filing).
• Conversion: 12,385 units → 12,385 shares (code M) at $0.00.
• Tax withholding: 4,822 shares disposed (code F) at $89.75 = $432,775.
• Net shares received from this settlement: 7,563 shares.
• Footnotes: F1 — each stock unit equals one share; F2 — the grant vests in three annual installments beginning March 5, 2025.
• Shares owned after the transaction are not disclosed on this Form 4.

Context

• This appears to be a routine settlement/vesting of stock units (conversion of derivative rights), not an open‑market purchase or sale for cash. The surrender of shares to cover taxes (code F) is a common withholding method and does not necessarily indicate a change in sentiment.