[Form 4] SiTime Corporation Insider Trading Activity
Rhea-AI Filing Summary
Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SiTime Corporation (SITM), reported the sale of 3,000 shares of common stock on 09/02/2025 at a weighted average price of $234 per share (prices ranged from $232.25 to $235.75). After the sale he beneficially owned 93,433 shares, which include 87,670 shares issuable upon previously reported restricted stock units and performance-based restricted stock units that have not vested (40,650 time-vesting RSUs and 47,020 performance-based RSUs tied to price performance). The filer indicated the transaction was made pursuant to a 10b5-1 plan and the Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- Transaction disclosed under a 10b5-1 plan, indicating prearranged trading consistent with insider trading compliance
- Detailed disclosure of unvested equity, specifying 40,650 time-vesting RSUs and 47,020 performance-based RSUs
Negative
- Insider sold 3,000 shares, which modestly reduces direct beneficial ownership
- Majority of reported holdings are unvested, representing potential future dilution if and when awards vest
Insights
TL;DR: Officer disclosed a routine planned sale under a 10b5-1 plan and retains substantial unvested equity, showing alignment via long-term awards.
The Form 4 shows a small open-market sale of 3,000 shares executed at a weighted average price of $234 under a 10b5-1 plan, which supports procedural compliance with insider trading rules. The reporting person continues to hold a meaningful aggregate position of 93,433 shares, largely comprised of unvested RSUs and performance-based RSUs, preserving long-term incentive alignment with shareholders. No additional governance issues or departures are disclosed in the filing.
TL;DR: Minor insider sale, disclosed properly; unvested performance awards represent the bulk of reported holdings.
The transaction size (3,000 shares) is modest relative to the total beneficial ownership reported and appears to be a disclosed, planned sale. The filing quantifies unvested awards: 40,650 time-vesting RSUs and 47,020 performance-based RSUs, which could dilute outstanding shares when they vest but are currently unexercised. The weighted-average sale price range is documented, and the filer commits to provide breakdowns on request, showing transparency in reporting.