Fischer Gregory Michael 4

What Happened

• Gregory Michael Fischer, a director of Semtech Corporation (SMTC), had derivative activity and an RSU award reported. On 2026-06-03 he exercised/converted 5,321 derivative units (transaction code M) which the filing also shows as disposed the same day; the exercise/conversion and the disposition are reported at a $0.00 price. On 2026-06-04 he was granted/awarded 1,180 stock units/RSUs (transaction code A) reported at $0.00.
• The filing reports no cash paid or received for the reported derivative exercise/conversion or the RSU grant (all listed at $0.00). The filing does not list a post-transaction total share ownership figure.

Key Details

• Transaction dates and codes: 2026-06-03 (M — exercise/conversion; acquired 5,321 and disposed 5,321), 2026-06-04 (A — RSU award; acquired 1,180).
• Prices/values reported: $0.00 for the exercise/conversion, $0.00 for the RSU grant; no dollar proceeds shown in the filing.
• Shares owned after transaction: Not specified in this Form 4.
• Filing date/timeliness: Form filed 2026-06-05 for a 2026-06-03/06-04 report — filed two days after the first reported transaction, which appears to be timely under Form 4 rules.
• Footnotes of note:
  • F1: Each stock unit represents the contingent right to receive one share of Semtech common stock.
  • F2: This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.
  • F3: Stock units vest on the earlier of the one‑year anniversary of the award and the day immediately preceding the date of the first annual meeting of stockholders following the grant and are payable in shares.

Context

• For retail investors: the 5,321-unit exercise/conversion followed by a same‑day disposition can indicate an immediate conversion and sale/transfer of the derivative settlement; the filing shows $0.00 prices so it does not disclose cash proceeds here. The 1,180 stock units are RSUs (contingent rights to shares) and are subject to the vesting/payment terms noted in the footnotes. These entries are factual reporting of insider activity and do not, by themselves, indicate the director’s motivation.