Form 4: SiTime Corp Executive Vice President Sells Shares

Fariborz Assaderaghi, Executive Vice President at SiTime Corp, sold 1,083 shares of common stock at an average price of $139.05 on August 28, 2024.

Summary

• On August 28, 2024, Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 1,083 shares of the company's common stock.
• The sale was executed at a weighted average price of $139.05 per share, with individual transaction prices ranging from $138.30 to $140.40.
• Following the transaction, Assaderaghi directly owns 112,584 shares, which 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: 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, but rather provides factual information about the transaction.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax planning, or personal financial needs. It's important to consider the context of the sale within the broader performance and outlook of SiTime Corp.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on their perception of the executive's action and the overall market reaction.

Key Dates