Form 4: SiTime Corp Executive Vice President Sells Shares
SEC Form 4
Fariborz Assaderaghi, Executive Vice President at SiTime Corp, sold 1,003 shares of common stock at an average price of $165.13 on October 1, 2024.
Summary
- On October 1, 2024, Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 1,003 shares of common stock.
- The shares were sold at a weighted average price of $165.13.
- The price per share ranged from $163.35 to $166.10.
- Following the transaction, Assaderaghi directly owns 110,578 shares.
- This includes 105,015 shares 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 disclosure of a stock sale by an executive, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of the stock sale transaction |
| 10/02/2024 | Date of signature on the Form 4 filing |
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