Form 4: SiTime Corp Executive Vice President Fariborz Assaderaghi Reports Stock Sale
SEC Form 4 Filing
Fariborz Assaderaghi, Executive Vice President of Engineering & Technology at SiTime Corp, reported the sale of 1,288 shares of common stock on April 26, 2024.
Summary
- On April 26, 2024, Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 644 shares of common stock at $85 per share.
- He also sold another 644 shares on the same day at $83.5 per share.
- Following these transactions, Assaderaghi directly owns 110,203 shares of SiTime Corp common stock.
- This includes 105,892 shares issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives regarding their holdings in the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of stock sale transactions |
| 04/30/2024 | Date of signature on the Form 4 filing |
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