[144] SiTime Corporation SEC Filing
Rhea-AI Filing Summary
SiTime Corporation (SITM) filing a Form 144 notifies the proposed sale of 3,000 common shares through broker Stifel Nicolaus on or about 09/02/2025. The shares were acquired as RSUs from SiTime Corp on 05/20/2025 and were net-exercised with payment dated 05/20/2025. The filing reports an aggregate market value of $702,000 for the shares to be sold and shows 26,000,000 shares outstanding. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information. Several filer contact fields (CIK, contact name, phone, email) and issuer address details are not populated in the visible content.
Positive
- Transaction fully disclosed: acquisition date, nature (RSUs), payment method (net exercise), broker, and intended sale date are all provided
- Seller included required representation that they are unaware of undisclosed material adverse information
Negative
- Key administrative fields are missing: filer CIK and submission contact details are not populated in the visible content
- Issuer contact/address information not provided in the visible filing extract, limiting verifiability
Insights
TL;DR: Routine insider sale of recently issued RSUs: modest size relative to total shares outstanding, likely liquidity-driven.
The Form 144 discloses a planned disposition of 3,000 common shares valued at $702,000, representing approximately 0.0115% of the reported 26,000,000 shares outstanding. The shares were acquired as RSUs on 05/20/2025 and are being sold via Stifel Nicolaus around 09/02/2025 via a net exercise settlement. From a market-impact perspective, the size is immaterial to company capitalization but is material at the individual level. The filing is procedural and follows Rule 144 reporting requirements; it does not include additional context on the seller's role or motivation.
TL;DR: Disclosure complies with Rule 144 mechanics; missing filer contact and issuer address details reduce transparency.
The notice provides required transaction details: acquisition date, nature (RSUs), payment method (net exercise), broker, and intended sale date. However, several administrative fields (CIK, filer contact information, issuer address) are blank in the provided content, which limits traceability of the filer and reduces ease of verification for stakeholders. The seller’s representation regarding lack of undisclosed material information is included as required.