SITM Exec VP Fariborz Assaderaghi Sells 9,701 Shares to Cover Taxes

What Happened
Fariborz Assaderaghi, Executive Vice President, Engineering & Technology at SITIME Corp (SITM), disposed of 9,701 shares on Aug 20, 2026 to satisfy tax obligations related to equity awards. The shares were valued at $598.81 each, for a total of approximately $5,809,056. The Form 4 reports the transaction as code F (payment of exercise price or tax liability), indicating this was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24 (filed within the typical two-business-day Form 4 window).
• Shares disposed: 9,701 at $598.81 per share; total value ≈ $5,809,056.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Notable footnote: Filing discloses an aggregate of 57,770 shares issuable under previously reported awards that have not vested — 27,319 time-vesting RSUs and 30,451 performance-based RSUs (vest based on absolute/relative stock-price performance).

Context
Tax-withholding dispositions (code F) are routine when executives exercise awards or receive restricted stock and the company withholds or the insider surrenders shares to cover taxes. These transactions are administrative in nature and do not necessarily signal a change in the insider’s view of the company; they are different from open-market sales (which may reflect liquidity or sentiment).