Form 4: SiTime Corp Executive Piyush Sevalia Sells 6,331 Shares of Common Stock
SEC Form 4 Filing
EVP of Marketing at SiTime Corp, Piyush B Sevalia, disposed of 6,331 shares of common stock on July 8, 2024, at an average price of $140.2 per share.
Summary
- On July 8, 2024, Piyush B Sevalia, EVP of Marketing at SiTime Corp, sold 6,331 shares of common stock.
- The shares were sold at a weighted average price of $140.2, with individual transactions ranging from $140.00 to $141.22 per share.
- Following the transaction, Sevalia directly owns 83,293 shares of SiTime Corp, which includes 76,233 unvested restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 07/08/2024 | Date of transaction: Sale of 6,331 shares of common stock. |
| 07/09/2024 | Date of signature by Attorney-in-fact. |
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