SITIME Corp (NASDAQ: SITM) officer logs tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SITIME Corp officer Samsheer Ahamad reported a tax-related share disposition. On the reported date, 2,214 shares of common stock were disposed of at $406.97 per share to satisfy tax obligations, leaving him with 49,824 shares of common stock held directly.
The holdings figure includes 29,836 shares underlying previously reported restricted stock units and performance-based restricted stock units that have not yet vested. These unvested units comprise 16,902 time-based restricted stock units and 12,934 performance-based units tied to absolute and relative price performance over various performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ahamad Samsheer
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,214 | $406.97 | $901K |
Holdings After Transaction:
Common Stock — 49,824 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SITIME Corp (SITM) disclose for Samsheer Ahamad?
SITIME Corp reported that officer Samsheer Ahamad disposed of 2,214 common shares in a tax-withholding transaction. The shares were valued at $406.97 each and were used to cover tax obligations, not as an open-market sale.
Was the SITIME Corp (SITM) Form 4 transaction an open-market sale?
The Form 4 describes the transaction as a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy exercise price or tax liabilities, as indicated by transaction code F and its accompanying description.
What unvested equity awards does Samsheer Ahamad have in SITIME Corp (SITM)?
The filing notes 29,836 SITIME Corp shares underlying unvested awards. These consist of 16,902 time-based restricted stock units and 12,934 performance-based restricted stock units tied to specified stock price performance conditions over various periods.
What does transaction code F mean in the SITIME Corp (SITM) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 2,214 SITIME Corp shares were used to cover tax obligations associated with equity compensation, rather than being sold on the open market.
How is the nature of Samsheer Ahamad’s SITIME Corp (SITM) ownership described?
The Form 4 classifies his ownership as direct, with code D, and does not reference any intermediary entities. The footnote clarifies that a substantial portion of the reported holdings relates to unvested restricted stock units and performance-based awards.