Form 4: SiTime Corp Executive Samsheer Ahamad Reports Stock Disposal
SEC Form 4 Filing
Samsheer Ahamad, SVP Finance and Chief Accounting Officer of SiTime Corp, reported the disposal of 2,620 shares of common stock on May 20, 2024.
Summary
- On May 20, 2024, Samsheer Ahamad, SVP Finance and Chief Accounting Officer of SiTime Corp, disposed of 2,620 shares of common stock at a price of $130.87 per share.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Ahamad directly owns 86,856 shares of SiTime Corp, which includes 32,232 unvested restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock disposal by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell shares, but the quantity is relatively small.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock disposal transaction. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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