VASHIST RAJESH 4
Research Summary
AI-generated summary
SITIME (SITM) CEO Rajesh Vashist Sells 20,000 Shares
What Happened
Rajesh Vashist, CEO of SITIME Corp (SITM), sold a total of 20,000 shares in two open-market transactions on June 15, 2026. He sold 15,000 shares at $750.20 each for $11,253,000 and 5,000 shares at $750.00 each for $3,750,000, for combined proceeds of about $15,003,000. These were sales (not purchases or option exercises), which are often routine liquidity transactions by insiders.
Key Details
- Transaction date: 2026-06-15 (two open-market sales)
- Prices and amounts: 15,000 shares @ $750.20 ($11,253,000); 5,000 shares @ $750.00 ($3,750,000)
- Total proceeds: ~$15,003,000
- Shares owned after transaction: Not specified in the provided filing excerpt
- Footnotes of note:
- F1: Reporting person has 291,529 unvested units issuable (85,426 time‑vesting RSUs and 206,103 performance‑based RSUs).
- F2–F4: Some reportable securities are held via Aldebran Constellation LLC and two Aldebran family dynasty trusts, where the reporting person is a manager with voting/investment power.
- Filing timeliness: No late filing indicated in the provided information
Context
- These were open-market sales (transaction code S). Sales can be for personal liquidity and do not by themselves indicate a change in company outlook.
- The filing shows significant unvested and performance-based awards remain outstanding; those are not part of these sales.
- No option exercises, gifts, or tax-withholding actions were reported in the excerpt provided.