Cardenuto Rodolpho C 4

What Happened

• Rodolpho Cardenuto, a Semtech (SMTC) director, had derivative activity tied to equity awards. On 2026-06-03 he converted/exercised 5,321 stock units (reported as derivative M: acquired and disposed at $0.00). On 2026-06-04 he was granted/awarded 1,180 stock units (reported as A: acquired at $0.00). No cash changed hands in these transactions — they reflect vesting/conversion and a new award rather than an open-market buy or cash sale.

Key Details

• Transaction dates and types: 2026-06-03 — conversion/exercise of 5,321 derivative units (code M); 2026-06-04 — grant/award of 1,180 stock units (code A). All reported at $0.00 per share.
• Shares owned after the transactions: Not specified in the filing excerpt provided.
• Footnotes: F1 — each stock unit represents a contingent right to receive one Semtech common share; F2 — the RSU award fully vested the day before the 2026 Annual Meeting; F3 — the units vest on the earlier of one year after grant or the day before the first annual meeting and are payable in shares; Cardenuto elected to defer settlement under Semtech’s Director Deferred Compensation Plan.
• Filing timeliness: Reported on Form 4 filed 2026-06-05 for transactions dated 2026-06-03 and 2026-06-04 — appears to be filed within the normal 2-business-day window (not marked late).

Context

• These entries reflect equity compensation mechanics (vesting/conversion and a new RSU grant with a deferral election), not an open-market purchase or sale. Such director vesting/deferral activity is routine and does not, by itself, indicate a change in insider market sentiment.