Insider Sale: SiTime EVP Disposes 3,000 Shares Under 10b5-1 Plan
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $234.00 | $702K |
Footnotes (1)
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.25 to $235.75 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Includes an aggregate of 87,670 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested. These unvested units include 40,650 restricted stock units that vest over time, and 47,020 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.
