Renesas (SITM stakeholder) discloses 3,558,691 SiTime shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SITIME Corp filed an initial ownership report showing that Renesas Electronics America Inc. holds 3,558,691 shares of SiTime common stock. Renesas Electronics Corporation, as the sole shareholder of Renesas Electronics America Inc., may be deemed to indirectly beneficially own these shares through its subsidiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Renesas Electronics America Inc., Renesas Electronics Corp
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,558,691 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Common stock holdings: 3,558,691 shares
1 metrics
Common stock holdings
3,558,691 shares
Total SiTime common shares held following reported event
Key Terms
ten percent owner, beneficially own, dispositive power
3 terms
ten percent owner regulatory
"is_ten_percent_owner": 1"
beneficially own regulatory
"may be deemed to indirectly beneficially own the reported securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
dispositive power regulatory
"may be deemed to have dispositive power over the reported securities"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What does Renesas Electronics America Inc. report owning in SITM on this Form 3?
Renesas Electronics America Inc. reports ownership of 3,558,691 shares of SITIME Corp common stock. This Form 3 is an initial ownership statement, indicating its status as a significant shareholder rather than disclosing a new stock purchase or sale.
Why is Renesas listed as a ten percent owner of SITIME Corp (SITM)?
Both Renesas Electronics America Inc. and Renesas Electronics Corporation are identified as ten percent owners. This reflects their large equity stake in SITIME Corp and triggers Section 16 reporting requirements, starting with this Form 3 initial ownership statement.