Form 4: SiTime Corp Executive VP, Marketing, Piyush B Sevalia, Sells Shares
SEC Form 4 Filing
Piyush B Sevalia, Executive VP, Marketing at SiTime Corp, sold 1,242 shares of common stock at $125.36 on May 30, 2024.
Summary
- On May 30, 2024, Piyush B Sevalia, the Executive VP, Marketing of SiTime Corp, sold 1,242 shares of common stock.
- The sale price was $125.36 per share.
- Following the transaction, Sevalia directly owns 90,451 shares of SiTime Corp.
- This includes 76,233 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction. It doesn't indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This sale represents a small percentage of Sevalia's holdings.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 05/30/2024 | Date of transaction: Sale of common stock. |
| 05/31/2024 | Date of signature for the Form 4 filing. |
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