Walsh Paul V Jr 4

What Happened

• Paul V. Walsh Jr, a director of Semtech Corp (SMTC), reported derivative activity and an RSU award. On 2026-06-03 he exercised/converted 5,321 derivative units at $0.00 (reported as both an acquisition and an immediate disposition of 5,321 shares). On 2026-06-04 he was granted 1,180 stock units (RSUs) at $0.00. No cash price or dollar value is shown for these transactions.

Key Details

• Transaction dates and prices:
  • 2026-06-03: Exercise/conversion (code M) — 5,321 shares @ $0.00 (acquired) and 5,321 shares @ $0.00 (disposed).
  • 2026-06-04: Grant/award (code A) — 1,180 stock units (RSUs) @ $0.00 (acquired).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: Each stock unit represents the contingent right to receive one share of Semtech common stock.
  • F2: The RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.
  • F3: The stock units vest on the earlier of one-year anniversary of the award and the day immediately preceding the first annual meeting following the grant and are payable in shares.
• Filing timeliness: Period of report is 2026-06-03 and the Form 4 was filed 2026-06-05 — appears to have been filed timely.

Context

• The M-code transactions are exercise/conversion of derivatives (e.g., vested awards or options) — the same-day acquisition and disposition of 5,321 shares indicates the converted shares were immediately disposed, but the Form 4 does not state whether that was a sale, tax withholding/net settlement, or other settlement mechanism.
• The A-code transaction is an award of stock units/RSUs; per the footnotes these stock units are convertible to shares when vested and are payable in shares.