WILSON JOHN MICHAEL 4

What Happened

• John Michael Wilson, Chief Quality Officer and CTO of Semtech Corp (SMTC), had 8,496 stock units convert to common shares on March 7, 2026 (reported as derivative exercise/conversion). Of those, 4,323 shares were withheld to cover tax obligations at $82.02/share (total $354,572), leaving 4,173 shares delivered to him.
• This was a vesting/settlement of stock units (compensation), not an open-market sale or purchase.

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
• Reported lines: M = exercise/conversion of derivative (8,496 shares acquired); F = tax withholding (4,323 shares disposed at $82.02/share, $354,572); an additional M line reports the derivative conversion event.
• Net shares issued to insider: 8,496 vested − 4,323 withheld = 4,173 shares.
• Footnotes: F1 — each stock unit equals the contingent right to one share; F2 — the grant vests in three annual installments beginning March 7, 2024.
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• This is a routine compensation vesting event with net share withholding to satisfy tax liabilities (similar to a cashless/net settlement), which is common and not a direct market-sale signal. For retail investors, purchases typically imply stronger bullish signals than vesting events; this filing documents executive compensation being settled rather than an intentional open-market sale.