SiTime officer reports tax share withholding
SiTime Corp officer Fariborz Assaderaghi reported a tax-withholding disposition of 6,049 shares of common stock at $697 per share.
Rhea-AI Filing Summary
SiTime Corp officer Fariborz Assaderaghi reported a tax-withholding disposition of 6,049 shares of common stock at $697 per share. This was not an open-market sale but shares delivered to cover tax obligations. After the transaction, he directly holds 83,145 shares.
A related footnote states that his holdings include 76,830 unvested restricted stock units and performance-based restricted stock units. These comprise 32,013 time-based units that vest over time and 44,817 performance-based units that vest upon specified absolute and relative stock price performance over various periods.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 6,049 shares
Exercise Price or Tax Liability
1 txn
Insider
Assaderaghi Fariborz
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,049 | $697.00 | $4.22M |
Holdings After Transaction:
Common Stock — 83,145 shares (Direct)
Footnotes (1)
- F1. Includes an aggregate of 76,830 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 32,013 restricted stock units that vest over time, and 44,817 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.
Key Figures
Tax-withheld shares: 6,049 shares
Tax-withholding price: $697 per share
Shares held after transaction: 83,145 shares
+3 more
6 metrics
Tax-withheld shares
6,049 shares
Shares delivered for tax liability at $697 per share
Tax-withholding price
$697 per share
Value used for 6,049-share tax-withholding disposition
Shares held after transaction
83,145 shares
Direct common stock ownership following tax withholding
Total unvested RSUs and PRSUs
76,830 shares
Unvested units issuable in common stock per footnote
Time-based RSUs
32,013 units
Restricted stock units that vest over time
Performance-based RSUs
44,817 units
Units vesting on absolute and relative stock price performance
Key Terms
restricted stock units, performance-based restricted stock units, tax-withholding disposition
3 terms
restricted stock units financial
"Includes an aggregate of 76,830 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"These unvested units include 32,013 restricted stock units that vest over time, and 44,817 performance-based restricted stock units that vest based on certain absolute and relative price performance"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SiTime (SITM) report for Fariborz Assaderaghi?
SiTime reported that officer Fariborz Assaderaghi had 6,049 shares of common stock withheld at $697 per share to satisfy tax obligations. This Form 4 event reflects a tax-withholding disposition rather than an open-market purchase or sale of SiTime shares.
Was the SiTime (SITM) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows code F, meaning 6,049 shares were delivered to cover tax liabilities at $697 per share. This type of disposition typically occurs automatically when equity awards vest or are exercised.
What unvested equity awards does the SiTime (SITM) officer have?
The footnote discloses 76,830 unvested shares issuable under restricted stock units and performance-based restricted stock units. These include 32,013 time-based units that vest over time and 44,817 performance-based units tied to specified stock price performance over various periods.
What do the performance-based RSUs for SiTime (SITM) depend on?
The performance-based restricted stock units vest based on certain absolute and relative price performance of SiTime’s common stock. They are measured over various performance periods, meaning vesting depends on the company’s share price meeting defined targets compared with benchmarks or peers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
