Sevalia Piyush B 4
4 · SITIME Corp · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
SITIME (SITM) EVP Piyush Sevalia Receives Stock Awards
What Happened
Piyush Sevalia, EVP, Marketing of SITIME Corp (SITM), received four awards on Feb 10, 2026 totaling 17,234 restricted stock units (RSUs and performance-based RSUs). All grants were reported as awards (transaction code A) with an acquisition price of $0.00 — these are compensation awards, not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-10; filing date (Form 4): 2026-02-12 (timely filing).
- Grants: 1,801; 5,473; 4,980; and 4,980 shares — total 17,234 shares; reported price $0.00.
- Vesting notes from the filing:
- Some RSUs vest 50% on May 20, 2026 and 50% on Aug 20, 2026 (Executive Bonus & Retention Plan).
- 10,946 shares are additional PRSUs tied to performance and vest on Feb 20, 2027.
- Some RSUs vest 6.25% on Feb 20, 2026 and quarterly thereafter.
- PRSUs vest only if specified relative total stockholder return and other performance criteria over a multi-year period are met; each PRSU converts to one share if earned.
- The filing notes an aggregate of 89,557 shares issuable under previously reported unvested RSUs/PRSUs (37,557 time-based RSUs and 52,000 performance-based RSUs).
- These awards are compensation grants (A); no sales, purchases, or option exercises were reported.
Context
Restricted stock unit awards are a common form of executive compensation and reflect future equity that vests over time or upon achievement of performance goals. They do not represent immediate cash proceeds or open-market buying/selling by the insider. Performance-based units will only convert to shares if performance conditions are met, so they are contingent rather than guaranteed. For retail investors, note that such grants can dilute share count if and when they vest and convert to common stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+1,801→ 78,622 total - Award
Common Stock
[F2]2026-02-10+5,473→ 84,095 total - Award
Common Stock
[F3]2026-02-10+4,980→ 89,075 total - Award
Common Stock
[F4][F5]2026-02-10+4,980→ 94,055 total
Footnotes (5)
- [F1]Restricted stock unit award under the Executive Bonus and Retention Plan vesting 50% of the shares on May 20, 2026 and 50% on August 20, 2026.
- [F2]Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on March 15, 2024. The total 10,946 shares granted under this PRSU award will vest on February 20, 2027.
- [F3]Restricted stock unit award vesting 6.25% of the shares on February 20, 2026 and quarterly thereafter.
- [F4]Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period of three years by SiTime.
- [F5]Includes an aggregate of 89,557 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested. These unvested units include 37,557 restricted stock units that vest over time, and 52,000 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.