Assaderaghi Fariborz 4

What Happened

Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SITIME Corp (SITM), reported open-market sales and several restricted stock unit (RSU/PRSU) grants. He sold 500 shares on 2026-02-10 and 2,112 shares on 2026-02-11, realizing approximately $208,030 and $904,105 respectively (total ≈ $1,112,135). On 2026-02-10 he was also granted four equity awards totaling 17,234 shares (1,801; 5,473; 4,980; 4,980) as restricted stock units or performance-based restricted stock units (no cash paid).

Key Details

• Sales: 2,612 shares sold total (500 @ $416.06 on 2026-02-10; 2,112 @ $428.08 on 2026-02-11). Reported total proceeds ≈ $1,112,135. Footnote indicates sales occurred in multiple transactions at prices ranging $416.06–$436.99 (weighted avg reported).
• Grants: Four awards on 2026-02-10 totaling 17,234 RSU/PRSU shares:
  • 1,801 RSUs (50% vest 5/20/2026; 50% vest 8/20/2026).
  • 5,473 additional PRSU shares tied to prior PRSU awards (the total 10,946 PRSU shares will vest 2/20/2027 upon achievement of performance criteria).
  • 4,980 RSUs vesting 6.25% on 2/20/2026 and quarterly thereafter.
  • 4,980 PRSUs that vest based on relative total stockholder return over a three-year performance period.
• Unvested holdings: Filing notes an aggregate of 96,782 shares issuable from previously reported unvested RSUs/PRSUs (44,782 time-based RSUs and 52,000 PRSUs).
• Filing/timeliness: Form 4 was filed 2026-02-12 covering transactions on 2026-02-10 and 2026-02-11; filing appears timely (not marked late).
• Other: The reporting person offered to provide a breakdown of shares sold at each separate price within the reported price range upon request.

Context

• The equity awards are non-cash RSUs/PRSUs with specified vesting/performance conditions; they are contingent compensation, not purchases.
• The sales were open-market disposals and are often routine (e.g., diversification or tax/liquidity needs); the filing provides no statement of motive.
• For retail investors, purchases may be a stronger bullish signal than awards; here the filing mainly reflects issuance of compensation awards plus routine insider sales.