Form 4: SI-BONE CFO Anshul Maheshwari Sells Shares to Cover Tax Obligations

Anshul Maheshwari, CFO of SI-BONE, Inc., sold shares of common stock on February 18, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On February 18, 2025, Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc., executed multiple sales of the company's common stock.
• These sales were conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• The transactions were not discretionary trades but rather a 'sell to cover' arrangement to meet tax requirements.
• The sales occurred at varying prices, with weighted average sale prices reported for each transaction.
• Following these transactions, Maheshwari directly owns 273,604 shares of SI-BONE, Inc. common stock, which includes 187,109 shares issuable on settlement of restricted stock units.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine stock sales for tax obligations.

Industry Context

This is a routine Form 4 filing, common for corporate executives who sell shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the reason for the sale.

Key Dates