Assaderaghi Fariborz 4
4 · SITIME Corp · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
SITIME (SITM) EVP Fariborz Assaderaghi Sells 1,500 Shares
What Happened
Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SITIME Corp (SITM), sold 1,500 shares of company stock in open‑market transactions on May 29, 2026. The reported weighted average sale price was $712.72 per share (range $700.00–$719.53), resulting in total proceeds of approximately $1,069,080. This filing reports a sale (S) rather than a purchase.
Key Details
- Transaction date: May 29, 2026 (reported on Form 4 filed June 2, 2026). Filing appears timely under the two‑business‑day rule.
- Price: Weighted average $712.72; individual trades ranged from $700.00 to $719.53 per share (footnote indicates multiple transactions; breakdown available on request).
- Shares sold: 1,500; proceeds ≈ $1,069,080.
- Ownership after transaction: not specified in the provided filing extract.
- Relevant footnotes: F1 explains the weighted average and price range with offer to provide per‑trade breakdown; F2 notes the reporting person has 76,830 unvested shares issuable under previously reported restricted stock units (32,013 time‑vested RSUs and 44,817 performance‑based RSUs).
- Transaction code: S = Sale (open‑market/private sale indicated).
Context
Insider sales are common and can reflect many personal or portfolio reasons; they are generally considered less informative than insider purchases for gauging sentiment. This report documents a routine sale by an executive and does not, by itself, indicate company performance or insider intent.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-29$712.72/sh−1,500$1,069,080→ 79,936 total
Footnotes (2)
- [F1]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $700.00 to $719.53 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.
- [F2]Includes an aggregate of 76,830 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 32,013 restricted stock units that vest over time, and 44,817 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.