SiTime (SITM) director's $745/share sale lacked preset plan
Rhea-AI Filing Summary
SITIME Corp (SITM) director Frank Edward H. reported selling 1,000 shares of common stock on August 17, 2026 at $745.00 per share. Following this sale, he directly holds 10,999 shares, which include 390 shares issuable under an unvested restricted stock unit award. He also reports indirect ownership through the Whitton Anne Frank 2015 Heritage Trust and the Naomi Mantor Frank 2015 Heritage Trust, where he serves as a trustee with voting and investment power.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,000 shares
Net Sell
3 txns
Insider
Frank Edward H.
Role
Director
Sold
1,000 shs ($745K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,000 | $745.00 | $745K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,999 shares (Direct);
Common Stock — 2,000 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Includes an aggregate of 390 shares of common stock issuable pursuant to the restricted stock unit award reported pursuant to this Form 4 that has not yet vested.
- F2. The reportable securities are owned directly by Whitton Anne Frank 2015 Heritage Trust, of which the Reporting Person is one of the trustees and has voting and investment power over the shares.
- F3. The reportable securities are owned directly by Naomi Mantor Frank 2015 Heritage Trust, of which the Reporting Person is one of the trustees and has voting and investment power over the shares.
Key Figures
Shares sold: 1,000 shares
Sale price: $745.00 per share
Direct holdings after transaction: 10,999 shares
+2 more
5 metrics
Shares sold
1,000 shares
Common stock sale on August 17, 2026 (transaction code S)
Sale price
$745.00 per share
Price for the 1,000 SITIME Corp common shares sold
Direct holdings after transaction
10,999 shares
Direct common stock ownership following the August 17, 2026 sale
Unvested RSU shares included
390 shares
Shares issuable under an unvested restricted stock unit award included in 10,999 shares
Net shares sold
1,000 shares
Net buy/sell activity in this Form 4 (net-sell direction)
Key Terms
restricted stock unit, voting and investment power, indirect ownership
3 terms
restricted stock unit financial
"shares of common stock issuable pursuant to the restricted stock unit award"
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.
voting and investment power financial
"has voting and investment power over the shares"
indirect ownership financial
"The reportable securities are owned directly by ... Trust"
FAQ
What insider transaction did SITM director Frank Edward H. report on August 17, 2026?
Frank Edward H., a director of SITIME Corp (SITM), reported selling 1,000 shares of common stock on August 17, 2026 at a price of $745.00 per share in an open market or private transaction.
Does the SITM director have any restricted stock units mentioned in this Form 4?
Yes. The Form 4 footnote states that his direct holdings include 390 shares of common stock issuable under a restricted stock unit award that has not yet vested, counted within the 10,999 post-transaction direct shares.
Was the SITM insider transaction reported as part of a Rule 10b5-1 trading plan?
The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false). There is no footnote stating that the 1,000-share sale on August 17, 2026 was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
