Form 4: SI-BONE CFO Anshul Maheshwari Reports Stock Transactions
SEC Form 4
Anshul Maheshwari, CFO of SI-BONE, Inc., reports the acquisition and disposition of company stock on September 3, 2024, according to a Form 4 filing.
Summary
- On September 3, 2024, Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc., engaged in transactions involving the company's common stock.
- Maheshwari acquired 3,019 shares of common stock at a price of $0.00.
- Concurrently, Maheshwari disposed of 1,414 shares of common stock at a price of $16.35.
- Following these transactions, Maheshwari beneficially owns 200,367 shares of SI-BONE, Inc.
- The sale of shares was executed under a pre-arranged 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an insider, which are part of a pre-arranged trading plan. There is no indication of positive or negative sentiment towards the company's prospects.
Future Outlook
The shares subject to the restricted stock unit will vest on January 1, 2025, subject to the Reporting Person's continued service through the relevant vesting date.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
- The 10b5-1 trading plan ensures that the transactions are not based on insider information.
Key Dates
| Date | Description |
|---|---|
| April 19, 2021 | Date of Power of Attorney execution, granting attorneys-in-fact authority to execute and file SEC forms on behalf of Anshul Maheshwari. |
| September 3, 2024 | Date of stock acquisition and disposition transactions by Anshul Maheshwari. |
| September 4, 2024 | Date of signature for the Form 4 filing. |
| January 1, 2025 | Vesting date for restricted stock units granted to Anshul Maheshwari, contingent upon continued service. |
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