SiTime (SITM) EVP Assaderaghi gets RSU grants and sells 2,612 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiTime executive Fariborz Assaderaghi, Executive Vice President of Engineering & Technology, reported multiple equity awards and share sales. On February 10, 2026, he acquired 1,801, 5,473, 4,980, and 4,980 shares of common stock at $0 per share through restricted stock unit and performance-based awards.
He then sold 500 shares on February 10, 2026 at $416.06 per share and 2,112 shares on February 11, 2026 in open-market transactions at a weighted average price of $428.08 per share, with individual trades ranging from $416.06 to $436.99. After these transactions, he beneficially owned 97,937 shares, including 96,782 shares issuable from unvested restricted and performance-based stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,612 shares ($1,112,135)
Net Sell
6 txns
Insider
Assaderaghi Fariborz
Role
See Remarks
Sold
2,612 shs ($1.11M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,112 | $428.08 | $904K |
| Grant/Award | Common Stock | 1,801 | $0.00 | -- |
| Grant/Award | Common Stock | 5,473 | $0.00 | -- |
| Grant/Award | Common Stock | 4,980 | $0.00 | -- |
| Grant/Award | Common Stock | 4,980 | $0.00 | -- |
| Sale | Common Stock | 500 | $416.06 | $208K |
Holdings After Transaction:
Common Stock — 97,937 shares (Direct)
Footnotes (1)
- Restricted stock unit award under the Executive Bonus and Retention Plan vesting 50% of the shares on May 20, 2026 and 50% on August 20, 2026. Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on March 15, 2024. The total 10,946 shares granted under this PRSU award will vest on February 20, 2027. Restricted stock unit award vesting 6.25% of the shares on February 20, 2026 and quarterly thereafter. Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period of three years by SiTime. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $416.06 to $436.99 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 96,782 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 44,782 restricted stock units that vest over time, and 52,000 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.
FAQ
What insider transactions did SiTime (SITM) executive Fariborz Assaderaghi report?
He reported receiving several restricted and performance-based stock awards, then selling 500 shares at $416.06 and 2,112 shares at a $428.08 weighted average price. The sales were open-market transactions while the awards were granted at no cost.
What equity awards did Fariborz Assaderaghi receive from SiTime (SITM) on February 10, 2026?
He received four equity awards totaling several thousand shares: 1,801, 5,473, 4,980, and 4,980 shares of common stock. These consist of restricted stock units and performance-based restricted stock units that vest on specified future dates and upon meeting stock performance conditions.
How are Fariborz Assaderaghi’s unvested SiTime (SITM) stock units structured?
His holdings include 96,782 shares issuable from unvested restricted and performance-based stock units. Of these, 44,782 restricted units vest over time, while 52,000 performance-based units vest based on absolute and relative price performance of SiTime’s common stock over various performance periods.
What role does Fariborz Assaderaghi hold at SiTime (SITM)?
He serves as SiTime’s Executive Vice President, Engineering & Technology. The reported Form 4 transactions reflect his equity compensation and share sales as a senior officer, combining time-based restricted stock units and performance-based restricted stock units with limited open-market sales.