SiTime (SITM) director gifts 18,610 shares, shifts stock to family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime Corp director Christine Heckart reported gifting 18,610 shares of common stock. On May 14, 2026, she made bona fide gifts, including 9,305 shares transferred to the H D & Christine Heckart 2014 Family Trust, where she and her immediate family are beneficiaries and she remains the beneficial owner.
After these gifts, she holds 1,690 shares directly, which include 1,290 shares issuable under an unvested restricted stock unit award, and 9,305 shares indirectly through the family trust, over which she has voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,610 shares gifted
Mixed
2 txns
Insider
Heckart Christine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 9,305 | $0.00 | -- |
| Gift | Common Stock | 9,305 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,690 shares (Direct, null);
Common Stock — 9,305 shares (Indirect, See Footnote)
Footnotes (1)
- On May 14, 2026, the Reporting Person made a bona fide gift for estate planning purposes of 9,305 shares of the Issuer's common stock to H D & Christine Heckart 2014 Fam Trust UAD 2/14/2014, of which the Reporting Person is one of the managers. The Reporting Person and members of her immediate family are the sole beneficiaries of the trust. The Reporting Person remains the beneficial owner of the shares. Includes an aggregate of 1,290 shares of common stock issuable pursuant to the restricted stock unit award reported pursuant to this Form 4 that has not yet vested. The reportable securities are owned directly by H D & Christine Heckart 2014 Fam Trust UAD 2/14/2014, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
Key Figures
Total shares gifted: 18,610 shares
Shares gifted to family trust: 9,305 shares
Direct holdings after gifts: 1,690 shares
+2 more
5 metrics
Total shares gifted
18,610 shares
Aggregate bona fide gifts on May 14, 2026
Shares gifted to family trust
9,305 shares
Transferred to H D & Christine Heckart 2014 Fam Trust
Direct holdings after gifts
1,690 shares
Common stock directly owned following transactions
Unvested RSUs included
1,290 shares
Shares issuable under restricted stock unit award, not yet vested
Indirect holdings after gifts
9,305 shares
Common stock held by the 2014 Family Trust
Key Terms
bona fide gift, restricted stock unit, beneficial owner, voting and investment power, +1 more
5 terms
bona fide gift financial
"On May 14, 2026, the Reporting Person made a bona fide gift for estate planning purposes of 9,305 shares..."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock unit financial
"Includes an aggregate of 1,290 shares of common stock issuable pursuant to the restricted stock unit award..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
beneficial owner financial
"The Reporting Person and members of her immediate family are the sole beneficiaries of the trust. The Reporting Person remains the beneficial owner of the shares."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
voting and investment power financial
"the Reporting Person is one of the managers and has voting and investment power over the shares."
family trust financial
"to H D & Christine Heckart 2014 Fam Trust UAD 2/14/2014, of which the Reporting Person is one of the managers."
FAQ
What insider transaction did SiTime (SITM) director Christine Heckart report?
Christine Heckart reported bona fide gifts of 18,610 shares of SiTime common stock. The transactions occurred on May 14, 2026 and were filed as code G gifts, meaning no sale proceeds or purchase prices were involved.
What are Christine Heckart’s SiTime (SITM) holdings after the reported gifts?
After the gifts, she holds 1,690 shares directly and 9,305 shares indirectly via the family trust. The direct holdings include 1,290 shares issuable from an unvested restricted stock unit award reported in the same Form 4.
Does the SiTime (SITM) Form 4 indicate any open-market buying or selling?
No, the Form 4 only reports code G bona fide gifts of SiTime common stock. There are no open-market purchases or sales disclosed, so the filing reflects estate and ownership planning rather than trading activity for cash.