[Form 4] SiTime Corporation Insider Trading Activity
Rhea-AI Filing Summary
Sevalia Piyush B, EVP Marketing of SiTime Corporation (SITM), reported a sale of 2,000 shares of common stock on 08/29/2025 at $242.66 per share. After the transaction, the reporting person beneficially owned 80,813 shares, which include 76,146 shares issuable under previously reported restricted stock units and performance-based restricted stock units that have not vested. The unvested units comprise 29,126 time-based restricted stock units and 47,020 performance-based restricted stock units subject to price performance conditions. The Form 4 indicates the sale was reported under a plan and was signed by an attorney-in-fact on 09/03/2025.
Positive
- Transaction reported under a written plan (10b5-1), indicating the sale was preplanned and may reduce questions about opportunistic insider trading
- Majority of beneficial ownership is unvested (76,146 RSUs/PSUs), aligning the reporting person’s economic interest with future company performance
- Filing executed and signed by an attorney-in-fact, demonstrating compliance with Section 16 reporting requirements
Negative
- Insider disposition of shares (2,000 shares sold), which reduces immediate insider stake
- 47,020 performance-based units are subject to price performance conditions and may not vest if targets are not met
Insights
TL;DR: Insider sold a small portion of holdings under a reported plan; no immediate material change to ownership.
The sale of 2,000 shares at $242.66 reduced the reporting person's beneficial holdings to 80,813 shares. A significant portion of that total (76,146 shares) remains tied to unvested restricted stock units and performance-based restricted stock units, indicating most economic interest is not immediately liquid. The Form 4 also indicates the transaction was made pursuant to a written plan consistent with Rule 10b5-1, which typically signals preplanned execution rather than opportunistic trading. Overall, this disclosure is routine and provides transparency on insider activity.
TL;DR: Filing shows compliance with reporting rules and continued concentration of holdings in unvested equity awards.
The reporting person is identified as an officer (EVP, Marketing) and the filing discloses both time-based and performance-based unvested awards totaling 76,146 shares, which keeps substantial alignment with shareholder interests through vesting conditions. The checked indication that the transaction was pursuant to a written plan supports procedural compliance. The disclosure was executed via attorney-in-fact, reflecting appropriate administrative filing practices.