Insider sells via 10b5-1; SITM (SITM) reports recent trades
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Rule 144 notice reporting proposed and recent sales of Common stock related to an executive's equity awards. The filing lists 716 Performance Stock Units and 531 Restricted Stock Units dated 02/20/2026, and recent 10b5-1 sales of common shares on 03/25/2026, 02/18/2026, and 02/17/2026 with the per-trade share counts and proceeds shown.
Positive
- None.
Negative
- None.
Key Figures
Performance Stock Units: 716 units
Restricted Stock Units: 531 units
10b5-1 sale (03/25/2026): 1,249 shares
+2 more
5 metrics
Performance Stock Units
716 units
dated 02/20/2026
Restricted Stock Units
531 units
dated 02/20/2026
10b5-1 sale (03/25/2026)
1,249 shares
proceeds $468,375
10b5-1 sale (02/18/2026)
566 shares
proceeds $240,550
10b5-1 sale (02/17/2026)
566 shares
proceeds $233,803.28
Key Terms
10b5-1 Sales, Performance Stock Units, Restricted Stock Units
3 terms
10b5-1 Sales regulatory
"10b5-1 Sales for PIYUSH SEVALIA 5451 Patrick Henry Drive Santa Clara"
Performance Stock Units financial
"Performance Stock Units | Issuer | 716 | 02/20/2026"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Restricted Stock Units | Issuer | 531 | 02/20/2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What does the SITM Form 144 disclose about recent sales?
The filing lists three 10b5-1 sales by Piyush Sevalia on 03/25/2026, 02/18/2026, and 02/17/2026. The trades were for 1,249, 566, and 566 common shares respectively, with gross proceeds of $468,375; $240,550; and $233,803.28.
How many equity awards are listed for potential sale in the SITM Form 144?
The notice shows 716 Performance Stock Units and 531 Restricted Stock Units, both dated 02/20/2026. These award counts are the securities referenced for resale in the filing.
Were the recent trades executed under a pre-arranged plan?
Yes. The three disclosed dispositions are labeled as 10b5-1 Sales for Piyush Sevalia, indicating they were executed under a pre-arranged trading plan established under Rule 10b5-1.
Who is the broker or selling agent listed on the Form 144 for SITM?
The filing identifies Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza as the broker/agent associated with the securities to be sold, per the filer information section.
What cash amounts are shown for the individual 10b5-1 trades in the filing?
The filing reports proceeds of $468,375 for 1,249 shares on 03/25/2026, $240,550 for 566 shares on 02/18/2026, and $233,803.28 for 566 shares on 02/17/2026.