Green Jason Elliot 4

What Happened

• Jason Green, Executive Vice President and Chief Commercial Officer of Semtech, received a grant/vesting of 14,452 performance-based shares on March 23, 2026 (code A). To cover tax withholding (code F), 5,687 of those shares were surrendered/withheld at a reported value of $76.52 per share, totaling about $435,169. The net shares delivered to him from this vesting were 8,765 (14,452 granted minus 5,687 withheld). The grant price is reported as $0 (award vesting).

Key Details

• Transaction date: 2026-03-23; Form 4 filed 2026-03-25 (no indication of a late filing).
• Award: 14,452 performance stock units vested (acquired at $0).
• Withholding/tax payment: 5,687 shares disposed/withheld at $76.52 each = $435,169 (code F).
• Net shares received from this vesting: 8,765 (14,452 − 5,687).
• Shares owned after transaction: not specified in this filing.
• Footnote: The units are performance stock units that vest based on pre-set revenue and non-GAAP operating income targets (over 1–3 years), relative total stockholder return over 3 years, and service condition. This transaction represents the vesting/payment for the first year of the multi-year performance period.

Context

• This was not an open-market sale or purchase by the insider for investment purposes — the withheld shares were used to satisfy tax obligations on vested performance awards (a common, administrative action). Performance awards vest subject to future multi-year targets; this filing covers the first-year vesting event.