SiTime (NASDAQ: SITM) CEO delivers 29K shares for option costs or taxes
Rhea-AI Filing Summary
SITIME Corp (SITM) director and Chief Executive Officer Rajesh Vashist reported an exercise-price-or-tax-liability disposition involving 29,054 shares of common stock on 2026-08-20, with a reported price of $598.81 per share. After this withholding, he directly holds 358,844 shares, which include 234,434 unvested RSUs and performance-based RSUs.
The unvested units comprise 76,217 time-based RSUs and 158,217 performance-based RSUs that vest based on specified absolute and relative price performance of SITIME Corp common stock. Additional indirect holdings are reported through Aldebran Constellation LLC and two family Dynasty Trusts, for which Vashist has voting and investment power.
Positive
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 29,054 shares
Net Sell
4 txns
Insider
VASHIST RAJESH
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 29,054 | $598.81 | $17.40M |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 358,844 shares (Direct);
Common Stock — 61,399 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Includes an aggregate of 234,434 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 76,217 restricted stock units that vest over time, and 158,217 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.
- F2. The reportable securities are owned directly by Aldebran Constellation LLC, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
- F3. The reportable securities are owned directly by Aldebran Rajesh Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
- F4. The reportable securities are owned directly by Aldebran Rohini Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
Key Figures
Shares delivered or withheld: 29,054 shares
Price per share: $598.81 per share
Direct holdings after transaction: 358,844 shares
+4 more
7 metrics
Shares delivered or withheld
29,054 shares
Shares used for payment of exercise price or tax liability on 2026-08-20
Price per share
$598.81 per share
Reported for the 29,054-share exercise-price-or-tax-liability disposition
Direct holdings after transaction
358,844 shares
Common stock directly held by Rajesh Vashist following the 2026-08-20 transaction
Unvested RSUs and performance-based RSUs
234,434 units
Included within direct holdings after the transaction
Time-based RSUs
76,217 units
Restricted stock units that vest over time
Performance-based RSUs
158,217 units
Units that vest based on absolute and relative price performance over performance periods
Exercise-price-or-tax-liability shares
29,054 shares
Total shares used for payment of exercise price or tax liability per transaction summary
Key Terms
performance-based restricted stock units, absolute and relative price performance, voting and investment power, Dynasty Trust
4 terms
performance-based restricted stock units financial
"and performance-based restricted stock units that have not vested."
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.
absolute and relative price performance financial
"that vest based on certain absolute and relative price performance"
voting and investment power financial
"and has voting and investment power over the shares."
Dynasty Trust financial
"Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person"
FAQ
What did SITM CEO Rajesh Vashist report in this Form 4?
Rajesh Vashist reported an exercise-price-or-tax-liability disposition of 29,054 SITIME Corp (SITM) shares of common stock on 2026-08-20, using shares to pay the exercise price or tax liability, rather than a market sale.
How many unvested RSUs does SITM CEO Rajesh Vashist have?
Rajesh Vashist has 234,434 unvested units tied to SITIME Corp stock, including 76,217 time-based RSUs and 158,217 performance-based RSUs that vest based on absolute and relative stock-price performance over various periods.
Was this SITM Form 4 filed under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the 29,054-share exercise-price-or-tax-liability disposition was executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
