Form 4: SiTime EVP Assaderaghi Reports Stock Grants, Sales

SiTime Corporation's Executive Vice President, Fariborz Assaderaghi, reported significant acquisitions of restricted stock units and sales of common stock in early February 2026.

Summary

• Fariborz Assaderaghi, Executive Vice President of Engineering & Technology at SiTime Corp (SITM), reported multiple transactions involving company common stock.
• On February 10, 2026, Assaderaghi acquired a total of 17,234 shares of common stock through various restricted stock unit (RSU) and performance-based restricted stock unit (PRSU) awards, all at a price of $0.
• These acquisitions included 1,801 RSUs vesting 50% on May 20, 2026, and 50% on August 20, 2026.
• An additional 5,473 shares were granted from PRSUs initially awarded on March 15, 2024, with these shares vesting on February 20, 2027.
• Another 4,980 RSUs were granted, vesting 6.25% quarterly starting February 20, 2026.
• A further 4,980 PRSUs were granted, contingent on achieving certain levels of relative total stockholder return over a three-year performance period.
• Assaderaghi also disposed of 500 shares of common stock on February 10, 2026, at a price of $416.06 per share.
• On February 11, 2026, an additional 2,112 shares were sold at a weighted average price of $428.08 per share, with prices ranging from $416.06 to $436.99.
• Following these transactions, Assaderaghi beneficially owns 97,937 shares of SiTime common stock directly.
• This total includes 96,782 unvested shares, comprising 44,782 time-vesting RSUs and 52,000 performance-based PRSUs.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine executive compensation and personal stock management, with significant grants balancing out sales.

Positives

• Significant grants of restricted stock units (17,234 shares) indicate continued compensation and alignment with company performance.
• Performance-based restricted stock units (PRSUs) align executive incentives with shareholder returns.

Negatives

• Sales of 2,612 shares of common stock by a key executive.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive stock grants and sales are common occurrences in the technology sector, often reflecting a mix of compensation, liquidity needs, and confidence in future performance. The grants of performance-based restricted stock units (PRSUs) are a standard mechanism to align executive incentives with long-term shareholder value creation, a practice prevalent among semiconductor and timing solutions companies like SiTime.

Stakeholder Impact

• Shareholders: The grants of performance-based units align executive incentives with shareholder returns, while sales represent a minor dilution of executive ownership.
• Employees: The RSU awards are part of executive compensation, which can set a precedent for broader employee incentive programs.

Next Steps

• Vesting of 1,801 restricted stock units on May 20, 2026, and August 20, 2026.
• Continued quarterly vesting of 4,980 restricted stock units starting February 20, 2026.
• Vesting of 10,946 performance-based restricted stock units on February 20, 2027.
• Achievement of certain levels of relative total stockholder return over a three-year performance period for 4,980 performance-based restricted stock units.

Key Dates

Recommendation

The filing details routine executive compensation activities, including stock grants and sales, which do not fundamentally alter the investment thesis for SiTime. The grants align executive interests with long-term shareholder value, while the sales are typical for liquidity or tax planning. No new material information suggests a change in the company's operational or financial trajectory, thus a 'hold' recommendation is appropriate.

Keywords

SiTime Corp, SITM, Form 4, Insider Trading, Stock Grant, RSU, PRSU, Stock Sale, Executive Compensation, Fariborz Assaderaghi