Form 4: SiTime Corp Executive Vice President Sells Shares
SEC Form 4
Fariborz Assaderaghi, Executive Vice President at SiTime Corp, sold 1,083 shares of common stock on June 26, 2024, at an average price of $121.61.
Summary
- On June 26, 2024, Fariborz Assaderaghi, an Executive Vice President at SiTime Corp, sold 1,083 shares of the company's common stock.
- The shares were sold at a weighted average price of $121.61, with individual transaction prices ranging from $120.65 to $123.35.
- Following the transaction, Assaderaghi directly owns 104,186 shares, which includes 98,228 unvested restricted stock units and performance-based restricted stock units.
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 in publicly traded companies and are often related to personal financial planning. The sale itself doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the overall market perception of executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of the stock sale transaction |
| 06/27/2024 | Date of signature for the Form 4 filing |
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