Lionel Bonnot - May 21, 2021 Form 4 Insider Report for SITIME Corp (SITM)

Signature
Samsheer Ahamad
Stock symbol
SITM
Transactions as of
May 21, 2021
Transactions value $
-$328,730
Form type
4
Date filed
5/25/2021, 05:08 PM
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SITM Common Stock Sale -$329K -3.7K -3.35% $88.75 107K May 21, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of previously awarded RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.85 to $90.12 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes an aggregate of 102,931 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.

Remarks:

EVP, Worldwide Sales and Business Development