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

Fariborz Assaderaghi, an executive at SiTime Corp, disposed of 5,502 shares of common stock on February 20, 2025, to satisfy tax withholding obligations related to vested restricted stock units.

Summary

• On February 20, 2025, Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SiTime Corp, disposed of 5,502 shares of common stock.
• The transaction was executed at a price of $180.11 per share.
• This disposal was to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Assaderaghi directly owns 116,118 shares of SiTime Corp common stock, which includes 106,896 unvested restricted stock units and performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates

Keywords

Form 4, SiTime Corp, Stock Disposal, Executive Compensation, Restricted Stock Units, Beneficial Ownership, Assaderaghi Fariborz