Form 4: SiTime EVP Sells Shares Under Pre-Arranged 10b5-1 Plan

Fariborz Assaderaghi, SiTime's EVP of Engineering & Technology, sold 3,000 common shares for $231.75 per share under a Rule 10b5-1 plan.

Summary

• Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SiTime Corporation (SITM), reported a sale of common stock.
• The transaction involved the disposition of 3,000 shares of common stock.
• The shares were sold at a weighted average price of $231.75 per share, with individual transactions ranging from $231.00 to $232.25.
• The sale was executed on September 4, 2025.
• Following this transaction, Mr. Assaderaghi beneficially owns 90,433 shares of common stock directly.
• This beneficial ownership includes 87,670 unvested restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• The unvested units comprise 40,650 time-vesting RSUs and 47,020 performance-based RSUs tied to the issuer's stock price performance.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The sale of shares by an executive could be seen as a slight negative, but the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates any strong negative sentiment, making it a neutral event in terms of immediate market impact.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale not necessarily based on new insider information.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the executive's direct equity stake in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive landscape within the semiconductor sector.

Comparison to Industry Standards

• This filing is a standard insider transaction report (Form 4) and does not contain information that allows for a comparison of company results to global benchmarks, comparable companies, or projects.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the 10b5-1 plan suggests it's a planned liquidity event rather than a signal of lack of confidence. The impact is likely minimal.

Key Dates

Recommendation

This Form 4 filing reports a routine insider sale under a pre-arranged 10b5-1 plan. While an insider sale can sometimes be a negative signal, the 10b5-1 plan indicates it's a scheduled liquidity event rather than a reaction to new material information. Therefore, this single transaction alone does not provide sufficient new information to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

SiTime, SITM, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Fariborz Assaderaghi, Semiconductor