Form 4: SiTime Corp Executive Vice President Sells Shares

Fariborz Assaderaghi, Executive Vice President of SiTime Corp, sold 1,003 shares of common stock at an average price of $204.42 on February 3, 2025.

Summary

• On February 3, 2025, Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 1,003 shares of common stock.
• The sale was executed at a weighted average price of $204.42 per share, with individual transactions ranging from $198.00 to $211.00.
• Following the transaction, Assaderaghi directly owns 99,678 shares of SiTime Corp, which includes 97,352 unvested restricted stock units and performance-based restricted stock units.
• The unvested units include 53,398 restricted stock units that vest over time, and 43,954 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.

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 performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small number of shares involved.

Key Dates

Keywords

SiTime Corp, Assaderaghi, Executive Vice President, Stock Sale, Form 4, SITM, Securities, Ownership