SiTime (SITM) executive trims stake with 1,249-share stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime Corp officer Piyush B. Sevalia reported an open-market sale of 1,249 shares of common stock at $375.00 per share. After this transaction, he directly holds 87,916 shares.
A footnote explains that this holding includes 81,486 shares underlying unvested restricted stock units and performance-based restricted stock units, with 29,486 time-based units and 52,000 units tied to stock price performance over various periods.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,249 shares ($468,375)
Net Sell
1 txn
Insider
Sevalia Piyush B
Role
See Remarks
Sold
1,249 shs ($468K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,249 | $375.00 | $468K |
Holdings After Transaction:
Common Stock — 87,916 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SiTime (SITM) report for Piyush B. Sevalia?
SiTime reported that officer Piyush B. Sevalia executed an open-market sale of 1,249 shares of common stock at $375.00 per share. This Form 4 filing reflects a single sell transaction, not a series of trades or option exercises.
What unvested equity awards does Piyush B. Sevalia have at SiTime (SITM)?
Piyush B. Sevalia has 81,486 shares tied to unvested equity awards. These consist of 29,486 time-based restricted stock units and 52,000 performance-based units that depend on absolute and relative stock price performance over specified periods.
Was the SiTime (SITM) insider transaction a market sale or an option exercise?
The transaction was a market sale, not an option exercise. The Form 4 classifies it as an open-market or private sale of common stock, with no derivative securities exercised or converted in connection with this reported trade.
Does the SiTime (SITM) Form 4 show any derivative or option positions for Piyush B. Sevalia?
The Form 4 does not list any active derivative positions such as stock options for Piyush B. Sevalia. Instead, the footnote highlights unvested restricted stock units and performance-based units that may convert into shares in the future.