[144] SITIME Corp SEC Filing
Rhea-AI Filing Summary
SITime Corp (SITM) filed a Form 144 notifying the proposed sale of 2,000 common shares acquired as RSUs on 11/20/2024. The transaction lists Stifel Nicolaus as the broker, an approximate aggregate market value of $588,000, and an approximate sale date of 10/01/2025 on NASDAQ.
The filing also discloses prior sales by the same seller within the past three months: sales on 07/18/2025, 08/07/2025, 09/02/2025 and 09/15/2025 totaling 16,000 common shares for gross proceeds of $4,093,900.00. The 2,000 shares to be sold were reported as net-exercised RSUs from SITime Corp.
Positive
- Detailed compliance disclosure: The Form 144 provides broker, share count, aggregate market value, acquisition date, and nature of acquisition (RSUs), meeting Rule 144 notice elements.
- Clear provenance of shares: The shares proposed for sale were acquired as RSUs on 11/20/2024 with net exercise payment recorded.
Negative
- Substantial recent insider selling: The filing shows prior sales by the same person of 16,000 shares in the past three months for gross proceeds of approximately $4,093,900.00.
- Planned additional sale: The proposed sale of 2,000 shares (aggregate market value $588,000) will increase share supply from an insider on or about 10/01/2025.
Insights
TL;DR: Beneficial holder plans to sell 2,000 RSU-derived shares; recent large disposals totaling 16,000 shares raise supply considerations.
The Form 144 shows a planned 2,000-share sale with an aggregate market value of $588,000 via Stifel Nicolaus, and that those shares were acquired as RSUs on 11/20/2024 with net exercise payment recorded the same day. The filing also documents four prior dispositions by the same seller in the past three months totaling 16,000 shares and about $4.09 million in gross proceeds. For investors, these are factual disclosures about insider selling and share supply; no financial results or forward guidance are included in the filing.
TL;DR: Form 144 is a routine insider sale notification; disclosures are consistent with Rule 144 reporting requirements.
The filer represents that the 2,000 shares originated from RSUs granted by the issuer and that payment was by net exercise on 11/20/2024. The form includes the broker, intended sale date, and details of recent related sales by the same person. The filing includes the standard signature representation regarding material nonpublic information. This document contains compliance-oriented information rather than new governance actions.