Gillai Saar 4

What Happened

• Gillai Saar, a director of Semtech Corp. (SMTC), converted/exercised 5,321 derivative units on June 3, 2026 (transaction code M) and a simultaneous disposition of 5,321 derivative shares was also recorded the same day. Both transactions show a $0.00 per-share price and $0 total reported. On June 4, 2026, Saar was granted 1,180 stock units/RSUs (transaction code A) at $0.00 (also reported as a derivative interest).

Key Details

• Transaction dates and types: June 3, 2026 — exercise/conversion (M) of 5,321 derivative units (acquired) and disposition of 5,321 derivative units (disposed); June 4, 2026 — grant/award (A) of 1,180 stock units/RSUs.
• Prices/values reported: $0.00 per share for all items; $0 total value recorded in the filing excerpt.
• Footnotes: F1 — each stock unit represents a contingent right to one Semtech common share; F2 — the RSU award fully vested the day immediately preceding the 2026 Annual Meeting of Stockholders; F3 — vesting occurs on the earlier of one-year anniversary of the award and the day before the first annual meeting following grant, payable in shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form 4 filed June 5, 2026 for transactions on June 3–4, 2026 — appears to have been filed within the normal two-business-day window.

Context

• The M code indicates an exercise or conversion of a derivative; the filing records both acquisition and disposition of the same number of derivative shares on June 3, which commonly reflects conversion plus an immediate sale or net share settlement but the filing here reports $0 values (no cash amounts shown). The A code reflects an RSU grant/award (stock units that convert to shares per footnotes).
• These entries are administrative/compensation-related insider transactions (derivative conversion and RSU award) rather than an open-market purchase or sale that would directly signal a personal investment decision.