Rajesh Vashist - Mar 22, 2023 Form 4 Insider Report for SITIME Corp (SITM)

Signature
Samsheer Ahamad, as Attorney-in-Fact
Stock symbol
SITM
Transactions as of
Mar 22, 2023
Transactions value $
-$133,650
Form type
4
Date filed
3/24/2023, 06:50 PM
Previous filing
Feb 22, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SITM Common Stock Sale -$134K -1K -0.2% $133.65 506K Mar 22, 2023 Direct F1, F2, F3
holding SITM Common Stock 36.8K Mar 22, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 automatic trading plan adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.25 to $134.00 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes an aggregate of 406,587 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units and that have not vested.
F4 The reportable securities are owned directly by Aldebran Constellation LLC, of which the Reporting Person is one of the managers and has voting and investment power over the shares.