Form 4: SiTime Corp Executive Sells 1,002 Shares Under 10b5-1 Plan

A SiTime Corp executive, Fariborz Assaderaghi, sold 1,002 shares of common stock at an average price of $216.85 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 1,002 shares of common stock on December 2, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan.
• The shares were sold at a weighted average price of $216.85, with individual transactions ranging from $215.50 to $218.05 per share.
• Following the transaction, Assaderaghi directly owns 102,683 shares, which includes 97,352 unvested restricted stock units and performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, and the use of 10b5-1 plans is a standard practice to ensure compliance with insider trading regulations.
• Comparable companies in the semiconductor industry also see similar filings from their executives.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is a routine transaction under a 10b5-1 plan.

Key Dates

Keywords

SiTime Corp, insider trading, Form 4, stock sale, 10b5-1 plan, executive, equity securities