[Form 4] SiTime Corporation Insider Trading Activity
Rhea-AI Filing Summary
Form 4 filing for SiTime Corp. (SITM) discloses that Chief Executive Officer and Director Rajesh Vashist executed a single open-market sale (Transaction Code S) on 08 Aug 2025.
- Shares sold: 2,000 common shares
- Sale price: $215.00 per share (approx. $430,000 gross proceeds)
- Direct holdings after sale: 470,763 shares, which include 291,093 unvested RSUs/PBRSUs (88,540 time-based; 202,553 performance-based) as noted in footnote 1.
- Indirect holdings: 1,809 shares in each of two family dynasty trusts and 24,781 shares in Aldebran Constellation LLC, for a total of 28,399 indirectly held shares.
- Total beneficial ownership post-transaction: roughly 499,162 shares.
No derivative securities were reported, and the filing was submitted individually by the reporting person. The form does not state that the trade was executed under a Rule 10b5-1 trading plan.
Positive
- CEO retains a substantial 499,162-share exposure, indicating continued alignment with shareholder interests.
- Large unvested performance-based RSUs (202,553) reinforce incentive to drive stock price performance.
Negative
- Open-market sale by CEO, albeit small, may be interpreted by some investors as a modest negative sentiment signal.
- No 10b5-1 plan disclosure could lead to incremental governance scrutiny over trading intent.
Insights
TL;DR: CEO sold only 0.4 % of stake; ownership remains high—signal mild, not material.
Vashist’s 2,000-share sale represents roughly 0.4 % of his total 499 k-share exposure and generated <$0.5 m, a modest amount relative to his remaining position. The sale does not materially alter insider ownership alignment, especially given the large unvested equity incentive package. Absence of a declared 10b5-1 plan may draw scrutiny, yet the small size suggests routine liquidity rather than a bearish signal. I view the impact on the investment thesis as neutral.
TL;DR: Insider sale tiny, governance intact; investors should monitor future patterns.
The filing confirms continued significant insider alignment—>7 % of total shares outstanding if company has ~7 m shares. The clear breakdown of unvested RSUs indicates robust performance incentives. While any open-market sale by the CEO can raise questions, the magnitude is immaterial and unlikely to shift governance risk. Repeated or larger sales, however, could change sentiment; therefore, tracking trend data is advised.