Form 4: SiTime Executive Fariborz Assaderaghi Reports Stock Disposal for Tax Obligations

Fariborz Assaderaghi, an executive at SiTime Corp, disposed of 3,645 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 20, 2024, Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SiTime Corp, disposed of 3,645 shares of common stock.
• The transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.
• The shares were disposed of at a price of $130.87 per share.
• Following the transaction, Assaderaghi beneficially owns 106,558 shares of SiTime Corp, including 98,228 shares issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax obligations. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine stock disposal for tax purposes.

Key Dates