Form 4: SiTime Corp Executive Vice President Sells Shares
SEC Form 4 Filing
Fariborz Assaderaghi, Executive Vice President at SiTime Corp, sold 1,289 shares of common stock on May 29, 2024.
Summary
- On May 29, 2024, Fariborz Assaderaghi, an Executive Vice President at SiTime Corporation, sold 1,289 shares of common stock.
- The sale was executed at a weighted average price of $126.86 per share.
- The prices for individual transactions ranged from $125.50 to $128.00.
- Following the transaction, Assaderaghi directly owns 105,269 shares.
- This total includes 98,228 unvested shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of stock sale by an executive. It doesn't inherently indicate positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its leadership.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of the stock sale transaction. |
| 05/31/2024 | Date of signature by Attorney-in-fact. |
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