Silberstein Asaf, EVP and COO at Semtech Corporation (SMTC), has filed 53 Form 4 transactions, all in that single company. The pattern is one-directional: no open-market purchases, no acquisitions, and total sales of $5,909,102.98. The recent trades confirm the selling bias. In the last nine filings, all but two were open-market sales, and those two were option exercises valued at zero, which are mechanical events.
The selling has been steady and sizable. On August 17, 2026, Asaf sold $750,000 worth of SMTC stock. A month earlier, on July 14, he sold $435,120. The largest cluster came on July 8, when six separate sales totaled approximately $1,086,318.87. That same day also saw a gift of zero value, and on July 1, another gift. Sales in June included $328,000 on June 3. The only non-sale transactions in the recent window are "F" codes, which are shares withheld to cover taxes, and "A" codes, which are compensation grants. Neither reflects a discretionary decision to buy.
The dollar values attached to the "F" transactions are substantial, but they are automatic withholdings tied to equity vesting. For example, on March 23, 2026, two "F" events totaled $900,946.48, and another pair on March 10 totaled $865,176.70. The direction is clear: Asaf has not bought a single share of SMTC in the period covered. Every open-market action is a sale, with no indication of accumulation or a reversal of that trend.
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