SiTime (SITM) director gets 390 RSUs in new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOORTHY GANESH reported acquisition or exercise transactions in this Form 4 filing.
SiTime Corp director Ganesh Moorthy received a new equity grant. He was awarded 390 shares of common stock in the form of restricted stock units that vest fully on May 20, 2027. After this award, he holds a total of 1,903 shares of common stock, including 1,388 shares underlying previously reported unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MOORTHY GANESH
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 390 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,903 shares (Direct, null)
Footnotes (1)
- Restricted stock unit award vests fully on May 20, 2027. Includes an aggregate of 1,388 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
Key Figures
RSU grant size: 390 shares
Grant price per share: $0.0000 per share
Total shares after grant: 1,903 shares
+2 more
5 metrics
RSU grant size
390 shares
Restricted stock units of common stock granted to director
Grant price per share
$0.0000 per share
Reported transaction price for RSU acquisition
Total shares after grant
1,903 shares
Common stock beneficially owned following the transaction
Unvested RSUs outstanding
1,388 shares
Shares issuable from previously reported unvested restricted stock units
Vesting date for new RSUs
May 20, 2027
Date when the 390 restricted stock units vest fully
Key Terms
restricted stock unit, vests fully, beneficially owned
3 terms
restricted stock unit financial
"Restricted stock unit award vests fully on May 20, 2027."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vests fully financial
"Restricted stock unit award vests fully on May 20, 2027."
beneficially owned financial
"total_shares_following_transaction of 1,903 common shares beneficially owned."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did SiTime (SITM) report for Ganesh Moorthy?
SiTime reported that director Ganesh Moorthy received a grant of 390 restricted stock units of common stock. These units are part of his equity compensation and increase his total reported holdings in the company.
When do Ganesh Moorthy’s new SiTime (SITM) restricted stock units vest?
The new award of 390 restricted stock units for Ganesh Moorthy vests fully on May 20, 2027. Once vested, these units convert into common shares that he can own outright, subject to any applicable company policies.
Does the SiTime (SITM) Form 4 show any stock sales by Ganesh Moorthy?
The Form 4 only shows an acquisition of 390 restricted stock units by Ganesh Moorthy. There are no stock sales or dispositions reported in this specific insider filing.