Form 4: SiTime CEO Sells $588K in Stock Under 10b5-1 Plan

SiTime Corp's CEO, Rajesh Vashist, reported the sale of 2,000 shares of common stock for approximately $588,000 on October 1, 2025, under a pre-arranged 10b5-1 plan.

Summary

• Rajesh Vashist, Chief Executive Officer and Director of SiTime Corp (SITM), reported transactions involving the company's common stock.
• On October 1, 2025, Mr. Vashist sold a total of 2,000 shares of common stock in two separate transactions.
• The first transaction involved the sale of 1,000 shares at a price of $293 per share.
• The second transaction involved the sale of 1,000 shares at a price of $295 per share.
• The total proceeds from these sales amounted to approximately $588,000.
• These transactions were executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.
• Following these transactions, Mr. Vashist directly beneficially owns 451,208 shares of common stock.
• This direct beneficial ownership includes 280,158 unvested shares, comprising 77,605 time-based restricted stock units and 202,553 performance-based restricted stock units.
• Mr. Vashist also holds indirect beneficial ownership of 1,809 shares through the Aldebran Rajesh Family Dynasty Trust, 1,809 shares through the Aldebran Rohini Family Dynasty Trust, and 24,781 shares through Aldebran Constellation LLC, where he has voting and investment power.

Sentiment

Score: 5

Explanation: The sale by the CEO was conducted under a pre-arranged 10b5-1 plan, which typically indicates a planned diversification or liquidity event rather than a reaction to new, negative information. This generally leads to a neutral market interpretation.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reaction to new, non-public information, which can mitigate negative market interpretations.

Negatives

• The Chief Executive Officer and Director, Rajesh Vashist, sold 2,000 shares of common stock, which can sometimes be perceived as a negative signal by investors.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders may interpret the CEO's sale as a signal, though the pre-arranged 10b5-1 plan mitigates concerns that the sale is based on new, negative material information.

Next Steps

• NA

Key Dates

Recommendation

The CEO's sale of shares was conducted under a pre-arranged Rule 10b5-1 plan, which suggests the transaction was for personal financial management rather than a reaction to new, material information about the company's performance or prospects. While insider selling can sometimes be viewed negatively, the existence of a 10b5-1 plan typically mitigates such concerns, leading to a neutral 'hold' recommendation as it doesn't provide a strong signal for either buying or selling based solely on this filing.

Keywords

SiTime, SITM, Rajesh Vashist, CEO, Director, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Beneficial Ownership, Restricted Stock Units