Form 4: SiTime Corp Executive Piyush B Sevalia Sells Shares
SEC Form 4
Piyush B Sevalia, an executive at SiTime Corp, recently sold shares of the company's common stock.
Summary
- On March 5, 2025, Piyush B Sevalia sold 543 shares of SiTime Corp common stock at a price of $180 per share.
- Following this transaction, Piyush B Sevalia directly owns 92,304 shares of SiTime Corp common stock.
- On March 6, 2025, Piyush B Sevalia sold 725 shares of SiTime Corp common stock at a price of $200 per share.
- Following this transaction, Piyush B Sevalia directly owns 91,579 shares of SiTime Corp common stock.
- The reported holdings include 86,773 unvested restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock sales by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The stock sale by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Piyush B Sevalia sold 543 shares of SiTime Corp common stock at $180 per share. |
| 03/06/2025 | Piyush B Sevalia sold 725 shares of SiTime Corp common stock at $200 per share. |
| 03/07/2025 | Date of signature by Attorney-in-fact Samsheer Ahamad. |
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