[Form 4] SiTime Corporation Insider Trading Activity
Rhea-AI Filing Summary
Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SiTime Corporation (SITM), reported a sale of 1,778 shares of common stock on 08/20/2025 at a reported price of $221.60 per share. Following the sale, he beneficially owns 59,055 shares, which includes 42,868 unvested units composed of 17,287 time-based restricted stock units and 25,581 performance-based restricted stock units that vest subject to time and specified price performance conditions. The Form 4 was signed by an attorney-in-fact on 08/22/2025.
Positive
- Transparent disclosure of an officer sale and post-transaction holdings via a timely Form 4 filing
- Significant remaining ownership with 59,055 shares beneficially owned after the sale
- Substantial alignment with shareholders through 42,868 unvested RSUs, including 25,581 performance-based units
Negative
- Reduction in direct holdings due to the sale of 1,778 shares on 08/20/2025
Insights
TL;DR: Insider sale of 1,778 shares reduces holdings but owner retains significant equity, much of it unvested.
The reported transaction is a straightforward open-market sale of 1,778 shares at $221.60 on 08/20/2025. Post-transaction beneficial ownership is 59,055 shares, but a material portion (42,868 shares) remains unvested under time- and performance-based awards, which limits immediate liquidity of those shares. The filing is routine under Section 16 and provides transparent disclosure of the officer's holdings and the composition of unvested awards. For investors, this transaction alone is not a material change to control but is a useful disclosure of insider activity and outstanding equity incentives.
TL;DR: Transaction reflects routine insider sale while long-term incentives remain tied to performance and vesting.
The Form 4 clarifies that of the 59,055 shares beneficially owned after the sale, 42,868 are linked to restricted stock units and performance-based RSUs. The presence of 25,581 performance-based units indicates continued alignment of the officer's compensation with stock-price and relative performance metrics. This structure suggests retention incentives despite the small disposition, and the disclosure meets governance best practices for insider reporting.