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SiTime (SITM) EVP Piyush Sevalia receives new RSU and PRSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SiTime Corporation executive Piyush B. Sevalia, EVP of Marketing, reported multiple equity awards of common stock on February 10, 2026. These are coded as grants or other acquisitions, not open-market purchases or sales, and were awarded at a price of $0 per share.

The filing shows a 1,801-share restricted stock unit (RSU) grant under the Executive Bonus and Retention Plan, vesting 50% on May 20, 2026 and 50% on August 20, 2026. It also reports 5,473 additional shares tied to performance-based RSUs initially granted on March 15, 2024, with a total of 10,946 shares from that PRSU award vesting on February 20, 2027.

Sevalia also received a 4,980-share RSU award vesting 6.25% on February 20, 2026 and quarterly thereafter, plus a 4,980-share performance-based RSU award that vests based on relative total stockholder return over a three-year period. Following these transactions, he beneficially owns 94,055 shares of common stock, including 89,557 shares underlying unvested RSUs and performance-based RSUs.

Positive

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SEC Form 4
FORM 4 UNITED 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 CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SITIME Corp [ SITM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/10/2026 A 1,801(1) A $0 78,622 D
Common Stock 02/10/2026 A 5,473(2) A $0 84,095 D
Common Stock 02/10/2026 A 4,980(3) A $0 89,075 D
Common Stock 02/10/2026 A 4,980(4) A $0 94,055(5) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock unit award under the Executive Bonus and Retention Plan vesting 50% of the shares on May 20, 2026 and 50% on August 20, 2026.
2. Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on March 15, 2024. The total 10,946 shares granted under this PRSU award will vest on February 20, 2027.
3. Restricted stock unit award vesting 6.25% of the shares on February 20, 2026 and quarterly thereafter.
4. Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period of three years by SiTime.
5. Includes an aggregate of 89,557 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 37,557 restricted stock units that vest over time, and 52,000 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, Marketing
Samsheer Ahamad, Attorney-in-fact 02/12/2026
** Signature of Reporting Person Date
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.

FAQ

What insider transactions did SiTime (SITM) report for Piyush B. Sevalia?

Piyush B. Sevalia received multiple stock grants on February 10, 2026, all coded as awards at $0 per share. These include time-based restricted stock units and performance-based RSUs that vest over future dates tied to service and stock performance conditions.

How many SiTime (SITM) shares does Piyush B. Sevalia beneficially own after these grants?

After the reported transactions, Piyush B. Sevalia beneficially owns 94,055 shares of SiTime common stock. This total includes a substantial number of unvested restricted stock units and performance-based restricted stock units scheduled to vest over specified future periods.

What are the key terms of the 1,801-share SiTime (SITM) RSU grant?

The 1,801-share RSU grant is under SiTime’s Executive Bonus and Retention Plan. It vests in two equal installments: 50% of the shares on May 20, 2026 and the remaining 50% on August 20, 2026, subject to continued eligibility.

How do the SiTime (SITM) performance-based RSUs for Piyush Sevalia vest?

Performance-based RSUs vest based on results. One award relates to a March 15, 2024 grant, with 10,946 shares vesting on February 20, 2027 upon meeting performance criteria. Another vests over three years based on relative total stockholder return achievement.

What ongoing vesting schedule applies to the 4,980-share RSU grant at SiTime (SITM)?

The 4,980-share restricted stock unit grant vests 6.25% of the shares on February 20, 2026 and then continues to vest quarterly thereafter. This structure links continued share delivery to Sevalia’s ongoing service with the company.

How many unvested stock units does Piyush B. Sevalia hold at SiTime (SITM)?

Sevalia holds 89,557 shares of common stock issuable from unvested units. These comprise 37,557 time-based restricted stock units and 52,000 performance-based restricted stock units tied to absolute and relative stock price performance over various periods.
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