SITIME Corp

Appointment of Chief Accounting Officer

On February 24, 2024, SiTime Corporation (the “Company”) promoted Samsheer Ahmad, 49, and appointed him Senior Vice President, Finance and Chief Accounting Officer. Mr. Ahmad joined the Company in May 2015 and has held various positions, most recently serving as Vice President of Finance and Accounting of the Company since July 2017. Prior to joining the Company, Mr. Ahmad worked at Guavus Inc. from 2014 to 2015 as Corporate Controller. From 2009 to 2014, Mr. Ahmad held various positions at TiVo Corporation, including Senior Director of Accounting. Mr. Ahmad holds a bachelor's degree in accounting and information systems from the University of the South Pacific. In connection with Mr. Ahmad’s promotion, subject to approval of the compensation committee of the board of directors, the Company will grant Mr. Ahmad a restricted stock unit award for 5,000 shares of the Company’s common stock under the Company’s 2019 Equity Incentive Plan pursuant to the Company’s standard form RSU agreement and Mr. Ahmad's salary will be increased to $330,000. Mr. Ahmad will also participate in the Bonus and Retention Plan with his annual target bonus amount set by the compensation committee of the board of directors. This equity award will vest quarterly over two years subject to his continued service on each vest date. In connection with his appointment, Mr. Ahmad will enter into the Company’s standard form of Indemnification Agreement, which is attached as Exhibit 10.1 to the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 16, 2021 (File No. 001-39135).

Trading Arrangements

During the Company's last fiscal quarter, the Company's directors and officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated the contracts, instructions, or written plans for the purchase or sale of the Company's securities set forth in the table below:

*The actual number of securities that will be sold under the Rule 10b5-1 trading plan will be reduced by the number of securities sold in accordance with an existing plan prior to its expiration.