Form 4: SiTime Executive Reports Stock Disposition

EVP and Chief Legal Officer Vincent P. Pangrazio disposed of 3,438 shares of SiTime Corporation common stock to cover tax obligations.

Summary

• Vincent P. Pangrazio, EVP and Chief Legal Officer of SiTime Corporation, disposed of 3,438 shares of common stock.
• The transaction occurred on May 20, 2026, at a price of $697 per share.
• The disposition was executed via code 'F', indicating shares withheld to satisfy tax withholding obligations related to the vesting of equity awards.
• Following this transaction, the reporting person maintains beneficial ownership of 55,416 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a mandatory administrative action related to tax withholding rather than a strategic divestment.

Positives

• The transaction was a routine tax-related withholding rather than a discretionary open-market sale, signaling no change in long-term confidence.

Negatives

• Reduction in the direct shareholding of a key executive.

Risks

• The reporting person holds 24,414 performance-based restricted stock units that are subject to vesting conditions based on absolute and relative price performance, which may not be met.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing solely on the change in beneficial ownership of the reporting person.

Management Comments

• The reporting person serves as the EVP, Chief Legal Officer & Corporate Secretary.

Industry Context

StockSavvy.ai notes that tax-related share withholding is a standard corporate governance practice for executives upon the vesting of restricted stock units and does not typically reflect a change in management sentiment regarding company performance.

Comparison to Industry Standards

• The use of 'sell-to-cover' transactions for tax obligations is a standard industry practice for publicly traded companies in the semiconductor sector.
• The reporting person's remaining stake of 55,416 shares aligns with typical executive equity retention levels for mid-cap technology firms.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding event.

Next Steps

• Future vesting of the remaining 15,552 time-based restricted stock units.
• Future vesting of the remaining 24,414 performance-based restricted stock units subject to price performance criteria.

Key Dates

Keywords

SiTime, SITM, Insider Trading, Form 4, Executive Compensation, Equity Vesting