VASHIST RAJESH 4
Research Summary
AI-generated summary
SITIME (SITM) CEO Rajesh Vashist Sells 16,871 Shares to Cover Taxes
What Happened
Rajesh Vashist, CEO of SITIME Corp (SITM), reported a disposition of 16,871 shares on 2026-05-20 to cover tax or exercise-related obligations. The shares were reported at $697.00 each, for a total value of $11,759,087. The filing also lists two gift entries on 2026-05-21 showing 0 shares acquired.
Key Details
- Transaction type: F (payment of exercise price or tax liability) — 16,871 shares disposed.
- Price and value: $697.00 per share; total $11,759,087.
- Dates filed/reported: Period of report 2026-05-20; Form filed 2026-05-22 (appears timely).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes of note:
- F1: 291,529 shares issuable under previously reported restricted stock units (RSUs) and performance-based RSUs remain unvested (85,426 time-based RSUs; 206,103 performance RSUs tied to stock performance).
- F2–F4: Some reportable securities are owned by entities/trusts (Aldebran Constellation LLC and two Aldebran family dynasty trusts) over which the reporting person is a manager with voting and investment power.
- Two gift entries on 2026-05-21 report 0 shares — no change in holdings.
Context
Code F transactions typically reflect shares surrendered or sold to satisfy tax withholding after an option exercise or RSU vesting, not an open-market directional sale. Such tax-withholding dispositions are routine and do not necessarily indicate the insider’s market view. The filing does not indicate a purchase or 10% owner transaction.