Director at SiTime (SITM) granted 390-share RSU stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chitkara Raman reported acquisition or exercise transactions in this Form 4 filing.
SITIME Corp director Raman Chitkara reported an equity grant of 390 shares of common stock in the form of a restricted stock unit award. The award vests fully on May 20, 2027, meaning the shares are delivered only if he remains eligible through that date.
After this grant, Chitkara is shown as beneficially owning a total of 21,898 shares of common stock, including the 390 shares underlying this unvested restricted stock unit award. This is a compensation-related award, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chitkara Raman
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 390 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,898 shares (Direct, null)
Footnotes (1)
- Restricted stock unit award vests fully on May 20, 2027. Includes an aggregate of 390 shares of common stock issuable pursuant to the restricted stock unit award reported pursuant to this Form 4 that has not yet vested.
Key Figures
RSU shares granted: 390 shares
Grant price: $0.0000 per share
Total shares after transaction: 21,898 shares
+1 more
4 metrics
RSU shares granted
390 shares
Restricted stock unit award on May 20, 2027 vest schedule
Grant price
$0.0000 per share
Compensation-related equity award, not a market purchase
Total shares after transaction
21,898 shares
Beneficial ownership following RSU award, including unvested 390 shares
Vesting date
May 20, 2027
Restricted stock unit award vests fully on this date
Key Terms
Restricted stock unit award, vests fully, Form 4
3 terms
Restricted stock unit award financial
"Restricted stock unit award vests fully on May 20, 2027."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
vests fully financial
"Restricted stock unit award vests fully on May 20, 2027."
Form 4 regulatory
"issuable pursuant to the restricted stock unit award reported pursuant to this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SITM director Raman Chitkara report?
Raman Chitkara reported receiving 390 shares of SITIME Corp common stock as a restricted stock unit award. These shares are part of his director compensation and are not an open-market purchase or sale.
When do Raman Chitkara’s new SITM restricted stock units vest?
The restricted stock unit award to Raman Chitkara vests fully on May 20, 2027. Vesting means the shares become deliverable only if the vesting conditions, typically continued service, are satisfied through that date.
Was the SITM Form 4 transaction a stock purchase or sale?
The Form 4 for SITIME Corp shows a grant coded as an acquisition, not a market trade. It reflects a restricted stock unit award with a zero price per share, rather than an open-market buy or sell transaction.
What does a restricted stock unit award mean for SITM insiders?
A restricted stock unit award promises delivery of company shares in the future once vesting conditions are met. For SITM, Raman Chitkara’s 390-share award will convert into common stock only when it fully vests on May 20, 2027.