Silberstein Asaf 4

What Happened

• Asaf Silberstein, EVP and COO of Semtech (SMTC), had 12,137 stock units convert to common shares on March 7, 2026 (reported on a Form 4 filed March 10, 2026).
• Of the 12,137 shares, 6,176 shares were withheld to satisfy tax withholding at $82.02 per share, a tax payment of $506,556 (transaction code F). The conversion/issuance is reported under transaction code M (exercise/conversion of a derivative).
• Net shares delivered to Silberstein after withholding: 5,961 shares. The implied market value of all 12,137 shares at $82.02/share is approximately $995,477.

Key Details

• Transaction date: 2026-03-07; Form 4 filed: 2026-03-10 (filed within the typical 2 business-day reporting window).
• Prices reported: conversion/exercise price $0.00 per share (acquisition), withholding at $82.02 per share (disposition for tax).
• Shares retained/withheld for taxes: 6,176 shares (disposed) valued at $506,556.
• Net shares received: 5,961 shares (12,137 acquired minus 6,176 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each stock unit equals the contingent right to receive one share of Semtech common stock; F2 — the grant vests in three annual installments beginning March 7, 2024.

Context

• This appears to be a routine vesting/conversion of equity awards (stock units) with a net-share settlement to cover tax withholding (common practice). The filing shows conversion (M) and tax withholding (F); no open-market sale by the insider beyond the withholding.