SiTime (SITM) EVP Bonnot Sells 1,990 Shares at $223.50 — Form 4
SiTime Corporation insider Lionel Bonnot, Executive Vice President, Worldwide Sales, reported a sale of common stock on 08/22/2025.
Rhea-AI Filing Summary
SiTime Corporation insider Lionel Bonnot, Executive Vice President, Worldwide Sales, reported a sale of common stock on 08/22/2025. The filing shows 1,990 shares were sold at a price of $223.50 per share. After the sale, Mr. Bonnot beneficially owned 77,933 shares, which includes 73,484 shares issuable under previously reported restricted stock units and performance-based restricted stock units that have not vested. The unvested awards consist of 27,932 time-vesting restricted stock units and 45,552 performance-based restricted stock units tied to absolute and relative stock-price performance. The filing indicates the transaction was made pursuant to a written plan intended to satisfy Rule 10b5-1(c).
Positive
- Transaction was executed under a 10b5-1 written plan, indicating pre-arranged trade terms
- Filing discloses detailed composition of unvested awards (27,932 time-based RSUs and 45,552 performance RSUs), improving transparency
Negative
- Executive disposed of 1,990 shares, reducing direct ownership
- Majority of post-transaction beneficial ownership is unvested (73,484 of 77,933 shares), which may not provide immediate alignment
Insights
TL;DR: Insider sale disclosed under a 10b5-1 plan; large portion of holdings remain unvested and performance-contingent.
The Form 4 reports a routine open-market sale of 1,990 shares by an executive officer under a written plan, with the 10b5-1 box checked to assert affirmative defense. The filing transparently discloses remaining beneficial ownership and the composition of unvested awards, including time-based and performance-based RSUs. From a governance standpoint, documenting the plan and the split between vested and unvested awards supports clarity on alignment and compensation structure. No matters of noncompliance or unusual transactions are evident from this filing alone.
TL;DR: Executive sold 1,990 shares at $223.50; majority of reported holdings are unvested RSUs and performance awards.
The sale reduces the reporting person's direct holdings by 1,990 shares at $223.50 per share. The post-transaction beneficial ownership of 77,933 shares largely reflects unvested awards (73,484 shares), of which 45,552 are performance-based and contingent on stock-price metrics. For valuation or dilution analysis, note that most of the reported economic interest is not currently vested and therefore may vest only if performance conditions are met. This Form 4 provides clear, quantifiable data useful for share-count and executive compensation modeling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,990 | $223.50 | $445K |
Footnotes (1)
- F1. Includes an aggregate of 73,484 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested. These unvested units include 27,932 restricted stock units that vest over time, and 45,552 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.
FAQ
What did the SiTime (SITM) Form 4 filed by Lionel Bonnot report?
How many unvested restricted stock units does Lionel Bonnot have according to the filing?
Was the sale executed under a 10b5-1 plan in the SITM Form 4?
Who signed the Form 4 and when was it signed?
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