Form 4: SiTime Officer Gifts Shares to Charity

SiTime Corp's EVP, Chief Legal Officer, and Corporate Secretary, Vincent P. Pangrazio, gifted 1,061 shares of common stock to Fidelity Charitable.

Summary

• Vincent P. Pangrazio, Executive Vice President, Chief Legal Officer, and Corporate Secretary of SiTime Corp, reported a transaction involving company common stock.
• On September 12, 2025, Mr. Pangrazio made a bona fide gift of 1,061 shares of SiTime common stock for donation purposes.
• The shares were gifted to Fidelity Charitable, and Mr. Pangrazio no longer holds voting or investment power over these shares.
• Following this transaction, Mr. Pangrazio beneficially owns 51,551 shares of SiTime common stock.
• This beneficial ownership includes an aggregate of 42,868 shares of common stock issuable pursuant to previously reported unvested restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• The unvested units consist of 17,287 time-based restricted stock units and 25,581 performance-based restricted stock units, which vest based on certain absolute and relative price performance of SiTime's common stock over various periods.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a personal transaction (a gift) by an executive, which is a routine disclosure and does not inherently indicate positive or negative company performance or outlook.

Positives

• The transaction represents a philanthropic act by a company executive, demonstrating personal commitment to charitable giving.
• The executive retains significant beneficial ownership of 51,551 shares, including a substantial number of unvested units (42,868), indicating continued alignment with shareholder interests and long-term commitment to the company's performance.

Negatives

• A reduction in the direct beneficial ownership of common stock by an executive, although for a charitable purpose.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information directly related to broader industry trends or the competitive landscape. It reflects an individual executive's personal financial planning and philanthropic activity.

Stakeholder Impact

• Minimal impact on shareholders as the number of shares gifted is a small fraction of the company's total outstanding shares and the executive retains substantial beneficial ownership.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

SiTime Corp, SITM, Vincent P. Pangrazio, Insider Transaction, Form 4, Stock Gift, Executive Ownership, Common Stock, Fidelity Charitable, Restricted Stock Units, Performance-Based Restricted Stock Units