Heckart Christine 4
Research Summary
AI-generated summary
SITIME (SITM) Director Christine Heckart Gifts 9,305 Shares
What Happened
Christine Heckart, a director of SITIME Corp (SITM), made a bona fide gift of 9,305 shares of the company's common stock on May 14, 2026. The shares were transferred to the "H D & Christine Heckart 2014 Fam Trust UAD 2/14/2014" at a reported price of $0.00 (total value $0 on the Form 4). Because the reporting person is a manager of the trust and the immediate family are the sole beneficiaries, Heckart remains the beneficial owner of the shares.
Key Details
- Transaction date: May 14, 2026; Filing date (Form 4): May 18, 2026 (timely filed).
- Transaction type/code: Gift (G); Shares transferred: 9,305; Reported price: $0.00.
- Ownership/reporting: The reportable securities are owned directly by the named family trust; Heckart has voting and investment power over those shares and remains beneficial owner.
- Unvested equity: The filing notes an aggregate of 1,290 shares issuable under restricted stock units that have not yet vested.
- Footnotes: Transfer was for estate-planning purposes; no cash changed hands and the transaction does not reflect a market sale.
Context
Gifts to family trusts are common estate-planning moves and do not necessarily signal the insider’s view of the company’s near-term prospects. This was not a purchase or open-market sale; it was a non‑economic transfer where beneficial ownership was effectively unchanged.