SiTime (NASDAQ: SITM) exec uses 5,419 shares to settle exercise/tax obligations
Rhea-AI Filing Summary
SITIME Corp (SITM) reported that executive Vincent P. Pangrazio had 5,419 shares of common stock withheld or delivered on 2026-08-20 to pay an exercise price or tax liability at a reported value of $598.81 per share. After this disposition, he held 47,997 shares directly, which include 29,322 shares underlying previously reported unvested restricted stock units and performance-based restricted stock units. These unvested awards consist of 12,698 time-based RSUs and 16,624 performance-based RSUs that vest based on absolute and relative price performance over various periods.
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Insights
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Insider Trade Summary
Net Seller: 5,419 shares
Net Sell
1 txn
Insider
Pangrazio Vincent P
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 5,419 | $598.81 | $3.24M |
Holdings After Transaction:
Common Stock — 47,997 shares (Direct)
Footnotes (1)
- F1. Includes an aggregate of 29,322 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 12,698 restricted stock units that vest over time, and 16,624 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
Shares used for exercise price or tax liability: 5,419 shares
Reported value per share: $598.81 per share
Shares held after transaction: 47,997 shares
+3 more
6 metrics
Shares used for exercise price or tax liability
5,419 shares
Common Stock, transaction code F on 2026-08-20
Reported value per share
$598.81 per share
Code F disposition of 5,419 shares
Shares held after transaction
47,997 shares
Direct ownership following 2026-08-20 transaction
Unvested RSUs and PRSUs
29,322 shares
Aggregate shares issuable from previously reported unvested awards
Time-based restricted stock units
12,698 units
Unvested RSUs that vest over time
Performance-based restricted stock units
16,624 units
Unvested PRSUs that vest based on absolute and relative stock price performance
Key Terms
restricted stock units, performance-based restricted stock units, absolute and relative price performance
3 terms
restricted stock units financial
"Includes an aggregate of 29,322 shares of common stock issuable pursuant to previously reported 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
"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 of the issuer's common stock"
FAQ
What transaction did SITM executive Vincent P. Pangrazio report on this Form 4?
He reported an exercise-price-or-tax-liability disposition of 5,419 shares of SITIME Corp common stock on 2026-08-20, with a reported value of $598.81 per share, classified under transaction code F.
How many unvested SITM restricted stock units does Vincent P. Pangrazio have?
He has 29,322 shares of SITIME Corp common stock issuable from previously reported unvested awards, including 12,698 restricted stock units that vest over time and 16,624 performance-based restricted stock units tied to stock price performance.
Was the SITM Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not selected, indicating the reported transaction was not affirmed as made under a Rule 10b5-1 trading plan.
What does transaction code F mean in the SITM Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, 5,419 shares of SITIME Corp common stock were used for that purpose.
AI-generated analysis. How Rhea-AI works. Not financial advice.