Form 4: SiTime Executive Sells Shares for Tax Withholding

SiTime Corp's EVP, Chief Legal Officer & Corporate Secretary, Vincent P. Pangrazio, disposed of 1,011 shares of common stock at $252.76 per share, primarily for tax withholding obligations.

Summary

• Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SiTime Corp (SITM), reported a transaction involving the company's common stock.
• On November 20, 2025, Pangrazio disposed of 1,011 shares of common stock at a price of $252.76 per share.
• Following this transaction, Pangrazio beneficially owns 50,540 shares of SiTime common stock.
• The beneficially owned shares include an aggregate of 40,866 unvested restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• These unvested units comprise 15,285 time-vesting RSUs and 25,581 performance-based RSUs, which vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.
• The transaction code 'F' typically indicates shares withheld by the issuer to cover tax obligations upon the vesting of equity awards.

Sentiment

Score: 5

Explanation: This is a routine insider transaction, specifically a disposition of shares for tax withholding purposes upon the vesting of equity awards, which is generally considered neutral in terms of market sentiment.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and not a discretionary sale indicating a change in confidence.
• Employees: No direct impact mentioned.

Key Dates

Keywords

SiTime, SITM, Form 4, insider transaction, stock disposition, executive compensation, restricted stock units, tax withholding