SiTime (NASDAQ: SITM) EVP keeps 68,501 shares after tax swap
Rhea-AI Filing Summary
SITIME Corp (SITM) executive Piyush B. Sevalia, EVP and Chief Business Officer, reported a Code F transaction involving 9,701 shares of common stock on 2026-08-20, representing shares delivered or withheld for payment of exercise price or tax liability. After this disposition, Sevalia holds 68,501 shares of common stock, including 50,547 unvested restricted stock units and performance-based restricted stock units that may vest over time or based on stock price performance.
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Insights
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Insider Trade Summary
Net Seller: 9,701 shares
Net Sell
1 txn
Insider
Sevalia Piyush B
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 9,701 | $598.81 | $5.81M |
Holdings After Transaction:
Common Stock — 68,501 shares (Direct)
Footnotes (1)
- F1. Includes an aggregate of 50,547 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 20,096 restricted stock units that vest over time, and 30,451 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
Code F shares delivered/withheld: 9,701 shares of Common Stock
Transaction reference price per share: $598.81 per share
Shares owned after transaction: 68,501 shares of Common Stock
+3 more
6 metrics
Code F shares delivered/withheld
9,701 shares of Common Stock
Payment of exercise price or tax liability on 2026-08-20
Transaction reference price per share
$598.81 per share
Price associated with the 9,701-share Code F transaction
Shares owned after transaction
68,501 shares of Common Stock
Direct ownership by Piyush B. Sevalia following the 2026-08-20 transaction
Unvested RSUs and PRSUs included in holdings
50,547 shares
Shares issuable pursuant to previously reported unvested restricted stock units and performance-based restricted stock units
Time-vesting restricted stock units
20,096 units
Unvested RSUs that vest over time within the 50,547 unvested units
Performance-based restricted stock units
30,451 units
Unvested PRSUs that vest based on absolute and relative price performance of SITIME Corp stock
Key Terms
restricted stock units, performance-based restricted stock units, absolute and relative price performance, Code F
4 terms
restricted stock units financial
"Includes an aggregate of 50,547 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"
Code F regulatory
"transaction code F for payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transaction did SITM executive Piyush B. Sevalia report?
Piyush B. Sevalia reported a Code F transaction involving 9,701 shares of SITIME Corp common stock on 2026-08-20, where shares were delivered or withheld for payment of exercise price or tax liability rather than an open-market buy or sell.
Was the SITM Form 4 transaction by Piyush B. Sevalia an open-market sale?
No. The Form 4 describes the 9,701-share transaction as payment of exercise price or tax liability by delivering or withholding securities (Code F), not as an open-market purchase or sale.
What portion of Piyush B. Sevalia’s SITM holdings are unvested equity awards?
Out of Sevalia’s 68,501 SITIME Corp shares reported after the transaction, 50,547 shares are issuable upon vesting of previously reported restricted stock units and performance-based restricted stock units that have not yet vested.
How are Piyush B. Sevalia’s SITM unvested RSUs structured?
The unvested awards include 20,096 restricted stock units that vest over time and 30,451 performance-based restricted stock units that vest based on certain absolute and relative price performance of SITIME Corp’s common stock over various performance periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.