Form 4: SITM Executive Sells Shares for Tax Withholding

SITIME Corp's Executive Vice President, Lionel Bonnot, disposed of 1,888 shares of common stock at $252.76 per share to cover tax withholding obligations.

Summary

• Lionel Bonnot, Executive Vice President, Worldwide Sales and Business Development at SITIME Corp, disposed of 1,888 shares of common stock.
• The transaction occurred on November 20, 2025, at a price of $252.76 per share.
• This disposition was made to satisfy tax withholding obligations related to the vesting of equity awards.
• Following this transaction, Mr. Bonnot beneficially owns 73,615 shares of common stock directly.
• This beneficial ownership includes 69,753 unvested shares, comprising 24,201 time-based restricted stock units and 45,552 performance-based restricted stock units.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax withholding purposes, which is a neutral event. It does not reflect a discretionary sale or purchase based on new information, nor does it indicate any positive or negative sentiment towards the company's prospects.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary sale.
• The disposition was for tax withholding, a common and expected event for executives receiving equity compensation.

Negatives

• No specific negatives are identified as this is a routine tax-related disposition.

Risks

• No new risks are introduced by this routine tax-related disposition.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this Form 4 filing.

Industry Context

This routine insider transaction for tax withholding purposes is a common occurrence in the technology industry for executives receiving equity compensation and does not indicate any specific broader industry trends or competitive shifts.

Comparison to Industry Standards

• This transaction is a standard practice for executives in publicly traded companies across various industries, including technology, to cover tax obligations upon the vesting of equity awards.
• It aligns with typical compensation structures involving restricted stock units and performance-based awards.
• No specific comparable companies or projects are relevant for this type of routine, non-discretionary transaction.

Management Changes

Corporate Governance

Legal Proceedings

• This filing does not mention any litigation or regulatory matters.

Related Party Transactions

• This filing does not disclose any related party dealings beyond the executive's compensation-related stock transaction.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related disposition and not a discretionary sale indicating a change in confidence.
• Employees: No direct impact on employees.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders.

Next Steps

• This filing does not mention any specific future actions, events, or milestones.

Key Dates

Keywords

SITIME Corp, SITM, Form 4, insider transaction, stock sale, tax withholding, Lionel Bonnot, executive compensation, Rule 10b5-1