[144] SiTime Corporation SEC Filing
Rhea-AI Filing Summary
Form 144 filed for SiTime Corporation (SITM) discloses a proposed sale of 2,056 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $508,274.04. The shares were acquired as restricted stock units on 11/20/2024 and the filing lists 26,003,972 shares outstanding. The filing also reports recent Rule 10b5-1 sales by the same account: 2,000 shares sold on 08/29/2025 for $485,320.00 and 1,039 shares sold on 06/11/2025 for $228,580.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Discloses planned sale of 2,056 common shares with aggregate market value of $508,274.04
- Identifies acquisition as Restricted Stock Units dated 11/20/2024, clarifying origin of the shares
- Reports recent Rule 10b5-1 sales (2,000 shares on 08/29/2025 for $485,320.00 and 1,039 shares on 06/11/2025 for $228,580.00), showing prior orderly dispositions
- Names broker and exchange: Morgan Stanley Smith Barney LLC and NASDAQ, providing execution details
Negative
- None.
Insights
TL;DR: Insider disclosed sale plan and recent 10b5-1 sales; transaction size is modest relative to outstanding shares.
The filing shows a proposed sale of 2,056 common shares (aggregate value $508,274.04) acquired as restricted stock units on 11/20/2024, to be executed via Morgan Stanley Smith Barney on NASDAQ. Prior Rule 10b5-1 executions of 2,000 and 1,039 shares in 2025 are reported with gross proceeds of $485,320 and $228,580 respectively. Compared with the reported 26,003,972 shares outstanding, these transactions represent a very small fraction of float and are typical disclosures for executive equity vesting and orderly disposition plans. The disclosure complies with Rule 144 requirements and documents reliance on 10b5-1 timing for some prior sales.
TL;DR: Filing provides transparent disclosure of planned insider sale and confirms standard 10b5-1 procedures.
The notice identifies the seller and broker, the nature of acquisition (RSUs dated 11/20/2024) and confirms prior 10b5-1 sales in 2025. The inclusion of the seller's representation regarding material nonpublic information follows Form 144 norms. There are no statements in the filing indicating unusual governance events, exceptions, or additional compensatory terms; the filing appears routine and focused on regulatory compliance for insider sales.