SIBN.NASDAQSi-bone, INC

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

Sentiment:

SEC Form 4

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

Summary

  • On October 2, 2024, Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc. (SIBN), sold 1,554 shares of common stock at a price of $13.5718 per share.
  • He also sold 1,751 shares of common stock at a price of $13.5898 per share.
  • These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units and do not represent discretionary trades.
  • Following these transactions, Maheshwari beneficially owns 197,062 shares of SI-BONE, Inc., which includes 129,416 shares issuable on settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

  • The sale of shares by a company executive could be perceived negatively by shareholders if not properly understood as a routine tax-related transaction.

Key Dates

DateDescription
April 19, 2021Power of Attorney executed, granting authority to LAURA A. FRANCIS, MICHAEL A. PISETSKY, MATTHEW B. HEMINGTON and KRIS TAMASHIRO to execute Forms 3, 4, and 5 on behalf of Anshul Maheshwari.
October 02, 2024Anshul Maheshwari sold 1,554 shares of SI-BONE common stock at $13.5718 per share.
October 02, 2024Anshul Maheshwari sold 1,751 shares of SI-BONE common stock at $13.5898 per share.
October 04, 2024Date of Form 4 signature by Michael Pisetsky, Attorney-in-Fact for Anshul Maheshwari.

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