SITIME Corp·4

Jun 5, 8:54 PM ET

Assaderaghi Fariborz 4

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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.