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SiTime (NASDAQ: SITM) EVP keeps 68,501 shares after tax swap

(Very High)
(Neutral)
Form Type
4

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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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)
  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.
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
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.

How many SITM shares does Piyush B. Sevalia hold after the reported transaction?

Following the 9,701-share Code F disposition, Piyush B. Sevalia holds 68,501 shares of SITIME Corp common stock. This total includes both vested shares and 50,547 unvested restricted stock units and performance-based restricted stock units.

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.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sevalia Piyush B

(Last)(First)(Middle)
C/O SITIME CORPORATION
5451 PATRICK HENRY DRIVE

(Street)
SANTA CLARA CALIFORNIA 95054

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SITIME Corp [ SITM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/20/2026F9,701D$598.8168,501(1)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
EVP, Chief Business Officer
Samsheer Ahamad, Attorney-in-fact08/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)