SiTime (NASDAQ: SITM) director sells 1,500 shares, holds 12,234
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime Corp director Akira Takata reported an open-market sale of 1,500 shares of Common Stock on May 12, 2026 at $860.86 per share. After this transaction, he directly holds 12,234 shares, including 1,290 shares issuable from a restricted stock unit award that has not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,500 shares ($1,291,290)
Net Sell
1 txn
Insider
Takata Akira
Role
null
Sold
1,500 shs ($1.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $860.86 | $1.29M |
Holdings After Transaction:
Common Stock — 12,234 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price: $860.86 per share
Shares held after transaction: 12,234 shares
+1 more
4 metrics
Shares sold
1,500 shares
Open-market sale on May 12, 2026
Sale price
$860.86 per share
Common Stock transaction
Shares held after transaction
12,234 shares
Direct ownership following sale
Unvested RSU shares
1,290 shares
Included within post-transaction holdings
Key Terms
open-market sale, restricted stock unit award, Common Stock, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock unit award financial
"issuable pursuant to the restricted stock unit award reported"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"restricted stock unit award reported pursuant to this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SiTime (SITM) report for Akira Takata?
SiTime director Akira Takata reported selling 1,500 shares of Common Stock in an open-market transaction at $860.86 per share on May 12, 2026. This Form 4 filing details the trade and his updated shareholdings.
What does the restricted stock unit footnote mean in the SiTime (SITM) Form 4?
The footnote explains that 1,290 of the 12,234 reported shares are issuable from a restricted stock unit award that has not yet vested. These RSUs represent future shares, not currently tradable stock, but are included in the reported ownership total.
Is Akira Takata’s SiTime (SITM) trade categorized as a buy or a sell?
The Form 4 categorizes Akira Takata’s transaction as a sell. It uses transaction code “S” for an open-market or private sale, with a transaction_direction of “sell” and 1,500 shares disposed at $860.86 per share.