{
  "id": 6673570,
  "title": "SiTime CEO Rajesh Vashist sells $7.24 million in stock",
  "url": "https://urgent.news/2026/09/11/sitime-ceo-rajesh-vashist-sells-7-24-million-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T00:30:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/sitime-ceo-rajesh-vashist-sells-724-million-in-stock-93CH-4897121"
  },
  "original_language": "en",
  "account": "SiTime CEO Rajesh Vashist recently divested 12,000 shares of the company's common stock, selling them at prices between $600.00 and $606.00 per share. This transaction was valued at $7,241,640, reflecting a weighted average price of $603.47 per share. Vashist's stock sale follows a substantial 133% return for SiTime's shares over the past year, although some analysts contend the stock may be overvalued at present. Following the sale, Vashist now directly owns 345,544 shares of SITIME, including 234,434 shares from previously granted restricted stock units and performance-based restricted stock units that have yet to vest. These unvested shares consist of 76,217 restricted stock units and 158,217 performance-based restricted stock units. In addition to his direct holdings, Vashist also possesses indirect beneficial ownership through several entities, holding 9,781 shares via Aldebran Constellation LLC and another 26,459 shares each via Aldebran Rajesh Family Dynasty Trust and Aldebran Rohini Family Dynasty Trust, positions he holds as a manager with voting and investment authority. Concurrently, SiTime Corp. released robust second-quarter 2026 results, exceeding analyst projections with revenue up 127% year-over-year to $157.4 million. The company reported a non-GAAP EPS of $2.34, surpassing the anticipated $1.95, as both gross and operating margins showed notable improvement. Gross margin expanded to 67.1%, and operating margin rose to 34%, demonstrating the company's capacity to translate growth into profitability. SiTime also completed the acquisition of the Renesas Timing Products Division on July 1, expanding its scale and customer base. Needham raised its price target for SiTime to $900 from $850, maintaining a Buy rating, citing the company's beat and raise performance, particularly in the communications, enterprise, and data center segment, as a major growth driver.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Carparts.com CEO David Meniane buys $133k in company stock",
        "url": "https://urgent.news/2026/09/11/carparts-com-ceo-david-meniane-buys-133k-in-company-stock",
        "published": "2026-09-11T00:35:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}