X0306 4 2020-06-29 1 0001395848 ADESTO TECHNOLOGIES Corp IOTS 0001654253 Derhacobian Narbeh C/O ADESTO TECHNOLOGIES CORPORATION 3600 PETERSON WAY SANTA CLARA CA 95054 1 1 0 0 President and CEO Common Stock 2020-06-29 4 U 0 600596 12.55 D 0 D Common Stock 2020-06-29 4 U 0 219823 12.55 D 0 I By Trust Employee Stock Option (right to buy) 5.87 2020-06-29 4 D 0 47736 D 2029-03-25 Common Stock 47736 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 45 D 2021-12-12 Common Stock 45 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 5030 D 2023-06-17 Common Stock 5030 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 15151 D 2023-06-17 Common Stock 15151 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 40 D 2024-08-10 Common Stock 40 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 50 D 2024-10-13 Common Stock 50 0 D Employee Stock Option (right to buy) 3.30 2020-06-29 4 D 0 4545 D 2025-04-28 Common Stock 4545 0 D Employee Stock Option (right to buy) 3.30 2020-06-29 4 D 0 50 D 2025-04-28 Common Stock 50 0 D Employee Stock Option (right to buy) 10.00 2020-06-29 4 D 0 30 D 2025-09-28 Common Stock 30 0 D Employee Stock Option (right to buy) 3.55 2020-06-29 4 D 0 82418 D 2027-03-09 Common Stock 82418 0 D Employee Stock Option (right to buy) 8.45 2020-06-29 4 D 0 86075 D 2028-04-23 Common Stock 86075 0 D Employee Stock Option (right to buy) 1.65 2020-06-29 4 D 0 121 D 2020-12-13 Common Stock 121 0 D On February 20, 2020, Adesto Technologies Corporation (the "Company") entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement") with Dialog Semiconductor plc ("Dialog") and Azara Acquisition Corp., a wholly-owned direct or indirect subsidiary of Dialog ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned direct or indirect subsidiary of Dialog. Pursuant to the Merger Agreement all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive $12.55 in cash. Pursuant to the Merger Agreement, at the Effective Time, each vested and outstanding Company performance-based restricted stock unit ("PSU") was canceled and converted into the right to receive $12.55 in cash per PSU. Pursuant to the Merger Agreement, at the Effective Time, each unvested and outstanding Company PSU was cancelled and converted into the right to receive, in Dialog's discretion, either (i) $12.55 per PSU or (ii) 0.2912 restricted stock units with respect to Dialog Ordinary Shares, in each case subject to the same vesting schedule, termination terms and other restrictions as such PSU was subject to immediately prior to the Effective Time. Pursuant to the Merger Agreement, at the Effective Time, each unvested and outstanding Company restricted stock unit ("RSU") was cancelled and converted into the right to receive, in Dialog's discretion, either (i) $12.55 per RSU or (ii) 0.2912 restricted stock units with respect to Dialog Ordinary Shares, in each case subject to the same vesting schedule, termination terms and other restrictions as such RSU was subject to immediately prior to the Effective Time. The Reporting Person is the trustee of The 2016 Derhacobian Trust. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes. Pursuant to the Merger Agreement, at the Effective Time, each vested outstanding Company stock option was cancelled and converted into the right to receive an amount in cash equal to (i) the difference between $12.55 and the exercise price of such stock option multiplied by (ii) the number of shares subject to such stock option. Pursuant to the Merger Agreement, at the Effective Time, each unvested Company stock option was either cancelled and converted into the right to receive, in Dialog's discretion, either (i) an amount in cash equal to (a) the difference between $12.55 and the exercise price of such stock option multiplied by (b) the number of shares subject to such stock option, or (ii) a restricted stock unit with respect to Dialog Ordinary Shares determined by multiplying (a) the number of shares subject to such stock option by (b) 0.2912, in each case by subject to the same vesting schedule, termination terms and other restrictions as such stock option was subject to immediately prior to the Effective Time. /s/ Narbeh Derhacobian 2020-07-01