Form 4: SiTime Corp Director Katherine Schuelke Donates 2,000 Shares to Morgan Stanley Global Impact Funding Trust

Katherine Schuelke, a director at SiTime Corp, reported a gift of 2,000 shares of common stock to Morgan Stanley Global Impact Funding Trust, Inc on August 27, 2024.

Summary

• On August 27, 2024, Katherine Schuelke, a director of SiTime Corp, donated 2,000 shares of the company's common stock to Morgan Stanley Global Impact Funding Trust, Inc (MS GIFT).
• The shares were a bona fide gift for donation purposes.
• Following the transaction, Schuelke directly owns 17,763 shares of SiTime Corp, which includes 2,115 unvested shares from previously reported restricted stock units.
• Schuelke does not have voting or investment power over the donated shares held by MS GIFT.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a transaction involving a donation of shares. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

This filing reflects a common practice of corporate insiders donating shares to charitable organizations, which can have tax benefits and support philanthropic causes.

Stakeholder Impact

• The donation of shares may have a minor positive impact on SiTime Corp's reputation due to the charitable aspect.

Key Dates