SiTime (SITM) CEO logs 40,000-share open-market stock sale, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime Corp CEO Rajesh Vashist reported open-market sales of 40,000 shares of common stock on June 3, 2026. The transactions included 30,000 shares sold from his direct holdings and 10,000 shares sold through entities where he has voting and investment power.
The weighted average sale price was $701.13 per share, with individual trades ranging from $694.94 to $707.33. After these sales, Vashist holds 402,898 shares directly and 14,781 shares indirectly. In addition, 291,529 shares are issuable from previously reported unvested restricted stock units and performance-based restricted stock units.
Positive
- None.
Negative
- None.
Insights
CEO’s 40,000-share sale appears sizable but leaves a large remaining stake.
SiTime’s CEO, Rajesh Vashist, executed open-market sales totaling 40,000 common shares at a weighted average of $701.13 per share. This combines a 30,000-share direct sale and a 10,000-share sale through entities where he has voting and investment power.
Following the transactions, he retains 402,898 shares directly and 14,781 shares indirectly, plus 291,529 shares issuable from unvested restricted stock units and performance-based awards. This indicates a substantial continuing economic interest, suggesting the sales are more consistent with portfolio diversification or liquidity than a full-scale exit.
Insider Trade Summary 10b5-1
Net Seller: 40,000 shares ($28,045,200)
Net Sell
4 txns
Insider
VASHIST RAJESH
Role
Chief Executive Officer
Sold
40,000 shs ($28.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $701.13 | $21.03M |
| Sale | Common Stock | 10,000 | $701.13 | $7.01M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 402,898 shares (Direct, null);
Common Stock — 14,781 shares (Indirect, See Footnote)
Footnotes (1)
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $694.94 to $707.33 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Includes an aggregate of 291,529 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 85,426 restricted stock units that vest over time, and 206,103 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. The reportable securities are owned directly by Aldebran Constellation LLC, of which the Reporting Person is one of the managers and has voting and investment power over the shares. The reportable securities are owned directly by Aldebran Rajesh Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares. The reportable securities are owned directly by Aldebran Rohini Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
Key Figures
Total shares sold: 40,000 shares
Weighted average sale price: $701.13 per share
Sale price range: $694.94–$707.33 per share
+5 more
8 metrics
Total shares sold
40,000 shares
Open-market sales of common stock on June 3, 2026
Weighted average sale price
$701.13 per share
Common stock open-market sales
Sale price range
$694.94–$707.33 per share
Price range for individual trade executions
Direct shares sold
30,000 shares
Common stock sold from direct holdings
Indirect shares sold
10,000 shares
Common stock sold from indirect holdings
Direct holdings after sale
402,898 shares
Common stock held directly following transactions
Indirect holdings after sale
14,781 shares
Common stock held indirectly following transactions
Unvested equity awards
291,529 shares issuable
Unvested RSUs and performance-based RSUs
Key Terms
weighted average price, restricted stock units, performance-based restricted stock units, absolute and relative price performance, +1 more
5 terms
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"Includes an aggregate of 291,529 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based 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
"These unvested units include 85,426 restricted stock units that vest over time, and 206,103 performance-based restricted stock units"
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 over various performance periods."
performance periods financial
"relative price performance of the issuer's common stock over various performance periods."
FAQ
What equity awards does the SiTime (SITM) CEO still have outstanding?
The CEO has 291,529 shares issuable from previously reported unvested awards. These include 85,426 restricted stock units that vest over time and 206,103 performance-based restricted stock units tied to absolute and relative stock price performance over various periods.
Is the SiTime (SITM) CEO’s sale a routine open-market transaction?
The filing classifies the 40,000-share disposition as open-market sales under transaction code “S.” There is no reference to gifts, tax withholding, or derivative exercises, indicating straightforward sales rather than compensation mechanics or restructuring events.