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

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

Summary

• On August 16, 2024, Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc., sold 1,263 shares of common stock at a weighted average price of $13.8594.
• Additionally, Maheshwari sold 1,155 shares of common stock at a weighted average price of $13.8816 on the same day.
• 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 directly owns 198,762 shares of SI-BONE, Inc., which includes 133,178 shares issuable on settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to equity compensation. The disclosure provides transparency into executive transactions, allowing investors to monitor insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The stock sale may have a minor dilutive effect on shareholders.
• The transaction ensures the executive remains compliant with tax obligations.

Key Dates