Form 4: SiTime Corp Executive Piyush B Sevalia Sells 807 Shares of Common Stock
SEC Form 4 Filing
Piyush B Sevalia, an executive at SiTime Corporation, sold 807 shares of common stock at $160 per share on September 18, 2024.
Summary
- On September 18, 2024, Piyush B Sevalia, an officer of SiTime Corporation, sold 807 shares of the company's common stock.
- The sale price was $160 per share.
- Following the transaction, Sevalia directly owns 87,534 shares of SiTime Corp.
- This includes 81,807 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate any specific positive or negative outlook for the company.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of transaction: Sale of 807 shares of common stock. |
| 09/19/2024 | Date of signature for the Form 4 filing. |
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