Lionel Bonnot - 17 Feb 2023 Form 4 Insider Report for SITIME Corp (SITM)

Role
EVP, Worldwide Sales and Business Development
Signature
Samsheer Ahamad, Attorney-in-fact
Issuer symbol
SITM
Transactions as of
17 Feb 2023
Net transactions value
-$347,811
Form type
4
Filing time
22 Feb 2023, 18:44:59 UTC
Previous filing
15 Feb 2023
Next filing
03 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 $347,811 -2,865 -3% $121.40 93,012 17 Feb 2023 Direct
transaction SITM Common Stock Award $0 +8,552 +9.2% $0.000000 101,564 21 Feb 2023 Direct F1
transaction SITM Common Stock Award $0 +4,276 +4.2% $0.000000 105,840 21 Feb 2023 Direct F2, F3
* 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 96,667 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units and that have not vested.

Remarks:

EVP, Worldwide Sales and Business Development