SiTime (NASDAQ: SITM) executive uses 1,484 shares to cover stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime Corp executive Ahamad Samsheer reported a routine tax-related share disposition. On this Form 4, 1,484 shares of common stock were withheld at $697 per share to cover tax obligations, a non-market transaction coded as a tax-withholding disposition. After this event, Samsheer directly holds 48,340 common shares. A footnote also notes 26,925 unvested equity units, including 13,991 time-based restricted stock units and 12,934 performance-based restricted stock units tied to SiTime’s stock price performance over various periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ahamad Samsheer
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,484 | $697.00 | $1.03M |
Holdings After Transaction:
Common Stock — 48,340 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,484 shares
Tax withholding price: $697 per share
Shares held after transaction: 48,340 shares
+3 more
6 metrics
Shares withheld for taxes
1,484 shares
Code F tax-withholding disposition
Tax withholding price
$697 per share
Common stock used to cover tax liability
Shares held after transaction
48,340 shares
Direct common stock ownership post-transaction
Total unvested equity units
26,925 units
Unvested RSUs and performance-based RSUs
Time-based RSUs
13,991 units
Restricted stock units that vest over time
Performance-based RSUs
12,934 units
Units vest based on stock price performance
Key Terms
tax-withholding disposition, restricted stock units, performance-based restricted stock units, relative price performance
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
restricted stock units financial
"includes 13,991 restricted stock units that vest over time"
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
"12,934 performance-based restricted stock units that vest based on certain absolute"
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.
relative price performance financial
"based on certain absolute and relative price performance of the issuer's common stock"
FAQ
What insider transaction did SiTime (SITM) report for Ahamad Samsheer?
SiTime reported that executive Ahamad Samsheer had 1,484 shares of common stock withheld for taxes at $697 per share. This Form 4 shows a tax-withholding disposition, not an open-market sale or purchase, and is part of routine equity compensation administration.
Is the SiTime (SITM) Form 4 for Ahamad Samsheer an open-market sale?
No. The Form 4 shows a code F transaction, meaning shares were withheld to pay taxes on equity compensation. This tax-withholding disposition does not reflect an open-market trade or a discretionary sale decision by the insider.
What equity awards does Ahamad Samsheer have outstanding at SiTime (SITM)?
The filing notes 26,925 unvested equity units for Ahamad Samsheer. These include 13,991 time-based restricted stock units and 12,934 performance-based restricted stock units that vest based on absolute and relative stock price performance over various periods.
What does a tax-withholding disposition mean for SiTime (SITM) insiders?
A tax-withholding disposition occurs when the company withholds shares to pay taxes due on vesting or exercise of equity awards. For SiTime insiders, this mechanism settles tax liabilities without requiring separate cash payments, and it is not treated as an open-market stock sale.