Assaderaghi Fariborz 4
4 · SITIME Corp · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
SITIME (SITM) EVP Fariborz Assaderaghi Sells 2,000 Shares
What Happened
Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SITIME (SITM), sold a total of 2,000 shares in open-market/private sales on June 3–4, 2026, generating approximately $1,413,694 in proceeds. The filing shows three reported dispositions: 1,000 shares (reported at $702.90) for $702,900 on 2026-06-03, and two transactions on 2026-06-04 for 200 shares at $711.25 ($142,250) and 800 shares at $710.68 ($568,544). These are sales (code S) rather than purchases.
Key Details
- Transaction dates: 2026-06-03 (1,000 shares) and 2026-06-04 (200 + 800 shares).
- Reported prices: $702.90; $711.25; $710.68 (see footnote: actual prices ranged $700.23–$716.61; the filing uses a weighted-average price).
- Total shares sold: 2,000; total proceeds: $1,413,694.
- Shares owned after transaction: not explicitly stated in this filing. The filing notes 76,830 shares issuable under previously reported restricted stock units and performance-based RSUs that have not vested (32,013 time-vesting RSUs; 44,817 performance-based RSUs).
- Filing date: 2026-06-05. The Form 4 was filed on June 5, 2026 (appears timely under Form 4 reporting rules).
- Remarks/role: Executive Vice President, Engineering & Technology.
- Footnotes: F1 explains the reported price is a weighted average and that individual sale prices ranged $700.23–$716.61; F2 details the unvested RSU/PSU counts and vesting conditions.
Context
These were open-market sales (dispositions), which are commonly routine and do not necessarily indicate management sentiment about the company. No options were exercised and no gifts or tax-withholdings are indicated in this filing. For investors tracking insider activity, purchases typically carry more informational weight than routine sales; this record documents a notable monetary disposition by a senior executive.
Insider Transaction Report
- Sale
Common Stock
2026-06-03$702.90/sh−1,000$702,900→ 78,936 total - Sale
Common Stock
2026-06-04$711.25/sh−200$142,250→ 78,736 total - Sale
Common Stock
[F1][F2]2026-06-04$710.68/sh−800$568,544→ 77,936 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 $700.23 to $716.61 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.