Vincent P. Pangrazio - May 20, 2024 Form 4 Insider Report for SITIME Corp (SITM)

Role
EVP, Chief Legal Officer & Corporate Secretary.
Signature
Samsheer Ahamad, Attorney-in-fact
Stock symbol
SITM
Transactions as of
May 20, 2024
Transactions value $
-$796,117
Form type
4
Date filed
5/22/2024, 06:54 PM
Previous filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SITM Common Stock -Tax liability -$357,275 -2,730 -3.44% $130.87 76,564 May 20, 2024 Direct
transaction SITM Common Stock -Sell -$438,842 -3,465 -4.53% $126.65 73,099 May 21, 2024 Direct F1, F2

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.01 to $129.50 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.
F2 Includes an aggregate of 54,604 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, Chief Legal Officer & Corporate Secretary.