SiTime (SITM) officer uses 3,758 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Sevalia Piyush B
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,758 | $406.97 | $1.53M |
Holdings After Transaction:
Common Stock — 89,165 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SITIME (SITM) report for Piyush B. Sevalia?
SITIME reported that officer Piyush B. Sevalia disposed of 3,758 common shares on February 20, 2026. The disposition was a tax-withholding transaction, meaning shares were delivered to cover tax obligations rather than sold in an open-market trade.
How many unvested equity awards does Piyush B. Sevalia have at SITIME (SITM)?
The filing notes 81,486 shares are issuable from unvested equity awards. These consist of 29,486 time-based restricted stock units and 52,000 performance-based restricted stock units that vest based on absolute and relative stock price performance over various periods.
Was the SITIME (SITM) Form 4 transaction an open-market sale by Piyush B. Sevalia?
No, the transaction is coded F, described as a tax-withholding disposition. Shares were delivered to cover exercise price or tax liabilities associated with equity awards, rather than being sold voluntarily in the open market for investment purposes.
What does transaction code F mean in the SITIME (SITM) Form 4 for Piyush B. Sevalia?
Code F signifies “payment of exercise price or tax liability by delivering securities.” In this case, 3,758 shares were used to satisfy tax obligations tied to equity compensation, distinguishing it from a standard buy or sell transaction.