SITIME (SITM) Director Frank Edward H. Sells 1,000 Shares
$SITM · SITIME CorpResearch Summary
AI-generated summary of this SEC filing
SITIME (SITM) Director Frank Edward H. Sells 1,000 Shares
What Happened
Frank Edward H., a director of SITIME Corp (SITM), reported the sale of 1,000 shares of common stock on August 17, 2026. The shares were disposed at $745.00 per share for a total transaction value of $745,000. The filing lists the transaction as an open market or private sale (code S).
Key Details
- Transaction date: August 17, 2026; Filing date: August 19, 2026 (appears timely; filed two days after the trade).
- Price: $745.00 per share; Total proceeds: $745,000.
- Shares sold: 1,000 (sale/disposition).
- Shares owned after the transaction: not specified in the provided data.
- Footnotes of note:
- F1: Reporting person has 390 RSUs that have not yet vested (these are issuable common shares).
- F2 & F3: Some reportable securities are owned directly by two trusts (Whitton Anne Frank 2015 Heritage Trust and Naomi Mantor Frank 2015 Heritage Trust); the reporting person is a trustee with voting and investment power over those trust-held shares.
- No 10b5-1 plan, tax-withholding, or option-exercise codes are indicated in the provided summary.
Context
This is a straightforward sale by a director. Sales by insiders can be routine (portfolio rebalancing, tax obligations, trust distributions, etc.), so they are not by themselves a clear signal of company prospects. There were no derivative exercises or awards immediately sold reported here; the filing does note unvested RSUs and trust ownership that may affect the director's remaining economic interest.