Form 4: SiTime EVP Sells Shares Worth Over $1.4 Million

Fariborz Assaderaghi, Executive Vice President of Engineering & Technology at SiTime Corp, sold 2,000 shares of common stock in early June 2026.

Summary

• Fariborz Assaderaghi executed the sale of 2,000 shares of common stock over two days, June 3 and June 4, 2026.
• The transactions were completed at prices ranging from $702.90 to $711.25 per share.
• Total gross proceeds from these sales amount to approximately $1,414,044.
• Following the sales, the executive remains the beneficial owner of 77,936 shares.
• The remaining holdings include 76,830 unvested units, consisting of 32,013 time-based restricted stock units and 44,817 performance-based restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while insider selling can be a minor headwind for sentiment, the executive retains a large, performance-linked stake in the company.

Positives

• The executive maintains a substantial equity interest in the company with 77,936 shares remaining.
• A significant portion of the executive's remaining equity (44,817 units) is performance-based, aligning management incentives with shareholder returns.
• The performance-based units are tied to both absolute and relative price performance, suggesting a high bar for executive compensation.

Negatives

• The executive sold shares at price points exceeding $700, which could be interpreted by some investors as a signal that the stock is reaching a near-term valuation ceiling.
• The number of directly owned, fully vested shares held by the executive after these sales is relatively low at 1,106 shares.

Risks

• 44,817 performance-based units are subject to risk if the company fails to meet specific absolute and relative stock price targets.
• Potential for negative market sentiment if investors perceive the EVP's divestment as a lack of confidence in further immediate upside.

Future Outlook

The executive's continued holding of 44,817 performance-based restricted stock units indicates that a significant portion of future compensation is contingent upon the company's stock price outperforming relative benchmarks or reaching absolute targets.

Management Comments

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range of $700.23 to $716.61 upon request.

Industry Context

StockSavvy.ai notes that in the high-growth semiconductor timing market, executive stock sales are often used for personal financial diversification following significant share price appreciation. SiTime's current share price levels above $700 reflect a premium valuation compared to many broader semiconductor peers.

Comparison to Industry Standards

• The use of performance-based restricted stock units (PSUs) tied to relative stock performance is a standard best practice among S&P 500 and high-growth technology companies to ensure executive alignment with shareholders.
• The sale of 2,000 shares represents approximately 2.5% of the executive's total potential holdings, which is within the typical range for periodic diversification by C-suite executives in the tech sector.

Related Party Transactions

• The reported sale of 2,000 shares by Executive Vice President Fariborz Assaderaghi to the open market.

Stakeholder Impact

• Shareholders may monitor these sales as a gauge of management's view on current valuation.
• The executive's incentives remain tied to company performance through a large unvested equity position.

Next Steps

• Monitor for future Form 4 filings to see if other executives are also liquidating shares at these price levels.
• Track the company's stock price relative to the performance hurdles mentioned for the 44,817 unvested PSUs.

Key Dates

Recommendation

The insider sale is relatively small and does not suggest a fundamental shift in company prospects. The heavy weighting toward performance-based units for the EVP suggests management remains motivated to drive further share price growth.

Keywords

SiTime Corp, SITM, Insider Trading, Fariborz Assaderaghi, Executive Compensation, Semiconductors, Stock Sale, Form 4