Form 4: SITIME EVP Sells Shares for Tax Withholding
Insider Transaction Report
SITIME Corporation's EVP of Marketing, Piyush B Sevalia, reported the disposition of 1,936 shares of common stock at $252.76 per share for tax withholding.
Summary
- Piyush B Sevalia, Executive Vice President of Marketing at SITIME Corporation, reported a transaction involving the company's common stock.
- On November 20, 2025, 1,936 shares of SITM common stock were disposed of.
- The disposition occurred at a price of $252.76 per share.
- The transaction code 'F' indicates that these shares were withheld to cover tax obligations upon the vesting of restricted stock units.
- Following this transaction, Mr. Sevalia beneficially owns 76,821 shares of SITM common stock.
- This beneficial ownership includes an aggregate of 72,323 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not yet vested.
- The unvested units consist of 25,303 time-based restricted stock units and 47,020 performance-based restricted stock units, which vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction for tax withholding, which is a common and expected event for executives receiving equity compensation. It does not reflect a change in management's view of the company's prospects or operational performance.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine tax-related disposition of shares by an executive, not a discretionary sale indicating a change in sentiment or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 11/20/2025 | Transaction Date: Disposition of 1,936 shares of common stock for tax withholding. |
| 11/24/2025 | Filing Date of the Statement of Changes in Beneficial Ownership. |
Keywords
SITIME Corporation, SITM, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Performance Stock Units, Piyush B Sevalia, EVP Marketing, Beneficial Ownership, Rule 10b5-1
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