Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
SiTime Corporation
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
82982T 106
(CUSIP Number)
December 31, 2023
(Date of Event which Requires Filing of Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 82982T 106
| 1 |
NAMES OF REPORTING PERSONS:
MegaChips Corporation | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Japan | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
4,700,000 | ||||
| 6 | SHARED VOTING POWER
0 | |||||
| 7 | SOLE DISPOSITIVE POWER
4,700,000 | |||||
| 8 | SHARED DISPOSITIVE POWER
0 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,700,000 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
20.7%1 | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO | |||||
| 1 | Percentage ownership is based on 22,692,165 shares outstanding as of January 25, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q/A filed with the Securities and Exchange Commission on January 29, 2024. |
Page 2 of 6
Item 1
(a) Name of Issuer:
SiTime Corporation
(b) Address of Issuer’s Principal Executive Offices:
5451 Patrick Henry Drive
Santa Clara, California 95054
Item 2
(a) Name of Persons Filing:
MegaChips Corporation
(b) Address of Principal Business Office or, if none, Residence:
1-1-1 Miyahara, Yodogawa-ku
Osaka 532-0003
Japan
(c) Citizenship:
MegaChips Corporation is based in Japan and traded on the Tokyo Stock Exchange.
(d) Title of Class of Securities:
This Schedule 13G report relates to the Common Stock, $0.0001 par value per share, of SiTime Corporation.
(e) CUSIP Number: 82982T 106
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Page 3 of 6
Item 4. Ownership
(a) Amount beneficially owned:
MegaChips Corporation 4,700,000
(b) Percent of Class:
MegaChips Corporation 20.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
MegaChips Corporation 4,700,000
(ii) Shared power to vote or to direct the vote:
MegaChips Corporation 0
(iii) Sole power to dispose or to direct the disposition of:
MegaChips Corporation 4,700,000
(iv) Shared power to dispose or to direct the disposition of:
MegaChips Corporation 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Page 4 of 6
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
Page 5 of 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| MegaChips Corporation | ||||||
| Dated: February 14, 2024 | By: | /s/ Tetsuo Hikawa | ||||
| Name: Tetsuo Hikawa | ||||||
| Title: President and CEO | ||||||
Page 6 of 6