SITIME Corp (SITM) CEO Rajesh Vashist sells 20,000 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SITIME Corp director and CEO Rajesh Vashist reported open-market sales of common stock totaling 20,000 shares. Entities associated with him sold 5,000 indirectly held shares at $750.00 per share, and 15,000 directly held shares at $750.20 per share.
After these transactions, indirect holdings reported were 9,781 shares, and direct holdings were 387,898 shares of common stock. In addition, 291,529 shares are issuable from previously reported restricted stock units and performance-based restricted stock units that have not yet vested, including 85,426 time-based units and 206,103 performance-based units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($15,003,000)
Net Sell
4 txns
Insider
VASHIST RAJESH
Role
Chief Executive Officer
Sold
20,000 shs ($15.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,000 | $750.20 | $11.25M |
| Sale | Common Stock | 5,000 | $750.00 | $3.75M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 387,898 shares (Direct, null);
Common Stock — 9,781 shares (Indirect, See Footnote)
Footnotes (1)
- Includes an aggregate of 291,529 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 85,426 restricted stock units that vest over time, and 206,103 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. 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. 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. 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
Total shares sold: 20,000 shares
Indirect sale size: 5,000 shares at $750.00
Direct sale size: 15,000 shares at $750.20
+5 more
8 metrics
Total shares sold
20,000 shares
Open-market sales of SITIME common stock by entities associated with CEO
Indirect sale size
5,000 shares at $750.00
Indirectly held common stock sold in open market
Direct sale size
15,000 shares at $750.20
Directly held common stock sold in open market
Direct holdings after sale
387,898 shares
Common stock held directly by Rajesh Vashist following transactions
Indirect holdings after sale
9,781 shares
Common stock held indirectly after reported transactions
Unvested equity awards
291,529 shares
Shares issuable from unvested RSUs and performance-based RSUs
Time-based RSUs
85,426 units
Restricted stock units vesting over time
Performance-based RSUs
206,103 units
Units vesting based on absolute and relative stock price performance
Key Terms
restricted stock units, performance-based restricted stock units, open-market sale, voting and investment power, +1 more
5 terms
restricted stock units financial
"Includes an aggregate of 291,529 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
"206,103 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.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
voting and investment power financial
"of which the Reporting Person is one of the managers and has voting and investment power over the shares"
Family Dynasty Trust financial
"Aldebran Rajesh Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers"
FAQ
What insider stock transactions did SITM CEO Rajesh Vashist report?
Rajesh Vashist reported selling 20,000 shares of SITIME Corp common stock in open-market transactions. These included 5,000 indirectly held shares at $750.00 and 15,000 directly held shares at $750.20, according to the most recent insider ownership filing.
At what prices did the SITM insider stock sales occur for Rajesh Vashist?
The reported SITIME Corp insider sales occurred around $750 per share. Associated entities sold 5,000 shares at $750.00 each, while 15,000 directly held shares were sold at $750.20 each in open-market transactions disclosed in the filing.
What unvested equity awards does SITM CEO Rajesh Vashist have outstanding?
The filing reports 291,529 shares issuable from unvested equity awards for Rajesh Vashist. These include 85,426 restricted stock units that vest over time and 206,103 performance-based restricted stock units that vest based on specified absolute and relative stock price performance periods.