Form 4: SI-BONE CEO Laura Francis Reports Stock Transactions
SEC Form 4 Filing
CEO Laura Francis reports exercising stock options and transferring shares to a trust.
Summary
- Laura Francis, CEO of SI-BONE, Inc., reported transactions involving the company's common stock on June 14, 2024.
- She exercised stock options to acquire 11,277 shares at $4.68 and 57,392 shares at $4.32.
- She also transferred shares to The David & Laura Francis Joint Rev Tr.
- Following these transactions, Francis directly owns 502,890 shares and indirectly owns 166,951 shares through the trust.
- The report also mentions shares acquired under the Employee Stock Purchase Plan and restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing reporting stock transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock.
Key Dates
| Date | Description |
|---|---|
| 12/12/2017 | Commencement date for vesting of shares subject to the $4.68 stock option, vesting in equal monthly installments over four years. |
| 05/26/2015 | Commencement date for vesting of shares subject to the $4.32 stock option, vesting in equal monthly installments over four years. |
| 05/15/2024 | Acquisition of 1,414 shares under the SI-BONE, Inc. 2018 Employee Stock Purchase Plan. |
| 06/14/2024 | Date of stock option exercises and share transfer to the trust. |
| 06/17/2024 | Date of signature for the Form 4 filing. |
| 03/01/2027 | Expiration date of the stock option with an exercise price of $4.68. |
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