Semtech Director & Officer Files Form 144 to Sell 2,000 Shares Under 10b5-1 Plan

Transaction Overview

On October 2, 2026, Hong Q. Hou, an Officer and Director of Semtech Corp ($SMTC), submitted a Form 144 filing indicating an intent to sell 2,000 shares of common stock through Fidelity Brokerage Services LLC. The estimated market value of the proposed transaction is $382,420.00, implying an average price per share of approximately $191.21.

Origin and Trading History

• Source of Shares: The 2,000 shares to be sold were originally acquired on January 2, 2026, via restricted stock vesting as part of equity compensation.
• Trading Plan: The planned sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan established on December 17, 2025.
• Recent Activity: Over the past three months, the insider has consistently executed similar programmatic sales of 2,000 shares per month:
  • July 10, 2026: 2,000 shares for $266,000.00
  • August 7, 2026: 2,000 shares for $280,000.00
  • September 4, 2026: 2,000 shares for $277,420.00

Market Impact & Significance

This filing carries Low market significance. The 2,000 shares represent an infinitesimal fraction of Semtech's 93,325,626 outstanding shares (<0.01%). Given that the sale is part of an established Rule 10b5-1 schedule following consistent monthly executions, it does not suggest a discretionary or sudden shift in executive sentiment.