SiTime officer disposes shares for tax withholding
SITIME Corp officer Piyush B. Sevalia reported a Form 4 transaction involving a tax-related share disposition.
Rhea-AI Filing Summary
SITIME Corp officer Piyush B. Sevalia reported a Form 4 transaction involving a tax-related share disposition. On February 20, 2026, he disposed of 3,758 shares of common stock at $406.97 per share to satisfy tax obligations by delivering shares rather than paying cash.
After this transaction, he held 89,165 shares of common stock directly. A footnote explains that this total includes 81,486 shares underlying previously reported unvested restricted stock units and performance-based restricted stock units, which may vest over time or based on the issuer's stock price performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,758 | $406.97 | $1.53M |
Footnotes (1)
- F1. Includes an aggregate of 81,486 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 29,486 restricted stock units that vest over time, and 52,000 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 insider transaction did SITIME (SITM) report for Piyush B. Sevalia?
How many unvested equity awards does Piyush B. Sevalia have at SITIME (SITM)?
Was the SITIME (SITM) Form 4 transaction an open-market sale by Piyush B. Sevalia?
What does transaction code F mean in the SITIME (SITM) Form 4 for Piyush B. Sevalia?
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