SITIME (SITM) CEO Vashist Rajesh Sells 12,000 Shares

What Happened
Vashist Rajesh, CEO of SITIME Corp (SITM), sold 12,000 shares in open-market transactions on September 9, 2026. The filing reports a weighted average sale price of $603.47 per share (range $600.00–$606.00), for total proceeds of approximately $7,241,640. The same Form 4 also lists gift entries showing 0 shares acquired, so no gift transfer occurred.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-10). Transaction code: S (sale).
• Price: Weighted average $603.47; sales occurred at prices between $600.00 and $606.00 per share (see footnote F1 for breakdown on request).
• Shares sold: 12,000; proceeds ≈ $7,241,640.
• Shares owned after transaction: Not specified in the information provided in this summary (not included in the supplied filing details).
• Notable footnotes:
  • F1: Price is a weighted average; seller can provide per-price breakdown on request.
  • F2: Reporting person has 234,434 unvested shares issuable under previously reported RSUs and performance RSUs (76,217 time-based; 158,217 performance-based).
  • F3–F5: Some reportable securities are held by entities/trusts (Aldebran Constellation LLC and family dynasty trusts) where the reporting person is a manager with voting and investment power.
• Timeliness: Filed the day after the transaction (appears timely under Form 4 rules).

Context
This was an outright sale (not an option exercise or award). Sales are often routine liquidity events and do not by themselves indicate management’s view of the company’s prospects; gifts of 0 shares have no economic effect. The weighted-average price and multi-price range indicate the 12,000 shares were sold in multiple trades during the day.