Rajesh Vashist - 17 Feb 2023 Form 4 Insider Report for SITIME Corp (SITM)

Role
Chief Executive Officer, Director
Signature
Samsheer Ahamad, Attorney-in-fact
Issuer symbol
SITM
Transactions as of
17 Feb 2023
Net transactions value
-$5,096,372
Form type
4
Filing time
22 Feb 2023, 18:32:03 UTC
Previous filing
15 Feb 2023
Next filing
24 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SITM Common Stock Tax liability $5,096,372 -41,980 -8.4% $121.40 455,492 17 Feb 2023 Direct
transaction SITM Common Stock Award $0 +29,323 +6.4% $0.000000 484,815 21 Feb 2023 Direct F1
transaction SITM Common Stock Award $0 +21,992 +4.5% $0.000000 506,807 21 Feb 2023 Direct F2, F3
holding SITM Common Stock 36,781 17 Feb 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock unit award vesting 12.5% of the shares on May 20, 2023 and 6.25% quarterly thereafter.
F2 Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period by SiTime.
F3 Includes an aggregate of 406,587 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units and that have not vested.
F4 The reportable securities are owned directly by Aldebran Constellation LLC, of which the Reporting Person is one of the managers and has voting and investment power over the shares.