[Form 4] SiTime Corporation Insider Trading Activity
Rhea-AI Filing Summary
Vashist Rajesh, Chief Executive Officer and Director of SiTime Corporation (SITM), reported an insider transaction dated 08/20/2025. The Form 4 shows a disposition of 5,555 shares of common stock sold at $221.6 per share. After the reported sale, the filing lists 465,208 shares owned directly. The filing also discloses 1,809, 1,809 and 24,781 shares held indirectly via trusts and an LLC managed by the reporting person. In addition, the report includes 280,158 shares issuable under previously reported unvested restricted stock units and performance-based restricted stock units, of which 77,605 vest over time and 202,553 vest based on specified absolute and relative price performance conditions. The Form is signed by an attorney-in-fact on 08/22/2025.
Positive
- Transparency: Filing discloses both direct and indirect holdings and explains the entities holding indirect shares
- Substantial unvested equity disclosed: 280,158 unvested restricted stock units (including 202,553 performance-based units) are itemized
Negative
- Disposition reported: Sale of 5,555 shares at $221.6 on 08/20/2025
- Performance-based concentration: 202,553 RSUs vest only upon meeting certain absolute and relative price performance conditions
Insights
TL;DR: Insider sold a small parcel relative to total holdings; substantial unvested performance RSUs remain.
The reported sale of 5,555 shares at $221.6 represents a modest disposition versus a direct holding of 465,208 shares. The filing also documents material unvested equity: 280,158 shares tied to restricted stock units, including 202,553 performance-based units that vest only if certain price conditions are met. From a market-impact perspective this disclosure is routine and does not alone indicate a material change in control or financing.
TL;DR: Disclosure is complete on ownership structure and unvested awards; indirect holdings are via trusts/LLC managed by the reporting person.
The Form 4 clearly separates direct and indirect holdings and explains the nature of indirect ownership through two family dynasty trusts and an LLC where the reporting person is a manager with voting and investment power. The large block of unvested and performance-based units is disclosed, which is important for understanding potential future dilution and incentive alignment. No amendments or additional qualifiers are provided.