Form 4: SiTime Corp Executive Sells 827 Shares of Common Stock
SEC Form 4 Filing
Piyush B Sevalia, EVP of Marketing at SiTime Corp, sold 827 shares of common stock at a price of $130 per share on June 12, 2024.
Summary
- On June 12, 2024, Piyush B Sevalia, the EVP of Marketing at SiTime Corporation, sold 827 shares of the company's common stock.
- The sale was executed at a price of $130 per share.
- Following the transaction, Sevalia directly owns 89,624 shares of SiTime Corp.
- This total includes 76,233 unvested shares of common stock issuable pursuant to previously reported 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 stock sale by an executive. 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 be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Sale of 827 shares of common stock. |
| 06/14/2024 | Date of signature by Samsheer Ahamad, Attorney-in-fact. |
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