Form 4: SiTime Corp Executive Fariborz Assaderaghi Reports Stock Disposal
SEC Form 4 Filing
Fariborz Assaderaghi, an executive at SiTime Corp, reported the disposal of 3,886 shares of common stock to cover tax obligations.
Summary
- On August 20, 2024, Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SiTime Corp, disposed of 3,886 shares of common stock.
- The transaction was executed at a price of $139.26 per share.
- The shares were disposed of to cover tax obligations associated with vesting restricted stock units.
- Following the transaction, Assaderaghi directly owns 113,667 shares of SiTime Corp common stock, which includes 105,015 unvested restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This specific filing indicates a common practice of executives selling shares to cover tax obligations related to stock awards.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock disposal transaction |
| 08/22/2024 | Date of signature on the Form 4 filing |
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