SITM insider files Form 144 to sell 6,443 RSU shares via Stifel ($1.58M)
Rhea-AI Filing Summary
SiTime Corporation (SITM) Form 144 notice shows a proposed sale of 6,443 shares of common stock through Stifel Nicolaus with an aggregate market value of $1,575,764.00, scheduled approximately for 09/09/2025 on NASDAQ. The filing identifies the securities were acquired as restricted stock units (RSUs) from the issuer on 05/20/2024 (3,415 shares) and 08/20/2024 (3,028 shares). There are 23,600,000 shares outstanding reported in the notice, so the planned sale represents a small fraction of the outstanding share count. The filer states no securities of the issuer were sold by the person in the past three months and includes the standard representation about no undisclosed material nonpublic information.
Positive
- Full disclosure of proposed sale details including broker, share count, and aggregate market value
- Source of shares disclosed (RSUs with acquisition dates) which clarifies insider holdings
- No sales in past three months reported for the seller in this filing
Negative
- An insider intends to sell 6,443 shares, which may be perceived negatively by some investors
- No 10b5-1 plan date or trading plan is indicated in this notice, leaving timing rationale unspecified
Insights
TL;DR: Insiders disclosed a small proposed sale of RSU-derived shares, offering transparency but likely immaterial to valuation.
The filing shows an insider intends to sell 6,443 common shares acquired as RSUs in 2024 through a broker on NASDAQ with aggregate market value of $1,575,764.00. Given the stated 23.6 million shares outstanding, the proposed disposition is a negligible portion of the float
TL;DR: Proper Rule 144 disclosure completed; transaction appears consistent with routine executive RSU vesting and liquidity.
The form provides required information about the source of the securities