Form 4: SiTime Corp Executive Sells Shares on September 27, 2024
SEC Form 4 Filing
Piyush B Sevalia, an executive at SiTime Corporation, sold 1,338 shares of common stock at $180 per share on September 27, 2024.
Summary
- On September 27, 2024, Piyush B Sevalia, an officer of SiTime Corporation, sold 1,338 shares of the company's common stock.
- The transaction was executed at a price of $180 per share.
- Following the transaction, Sevalia directly owns 86,196 shares of SiTime Corporation.
- This includes 81,807 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares, which could be for a variety of personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see if company executives are buying or selling shares of their own company.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of transaction: Piyush B Sevalia sold 1,338 shares of SiTime Corp common stock. |
| 10/01/2024 | Date of signature: Samsheer Ahamad, Attorney-in-fact, signed the Form 4 on behalf of Piyush B Sevalia. |
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