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 May 16, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 16, 2024, Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc., sold 1,275 shares of common stock at a price of $15.1417 and 1,166 shares of common stock at a price of $15.1357.
• These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the reported transactions, Maheshwari beneficially owns 204,489 shares of SI-BONE common stock, which includes 144,960 shares issuable on settlement of restricted stock units and 1,414 shares acquired under the SI-BONE Employee Stock Purchase Plan on May 15, 2024.

Sentiment

Score: 6

Explanation: The document is neutral. It simply reports a stock sale to cover tax obligations, which is a routine transaction. There is no indication of positive or negative sentiment.

Industry Context

Insider trading activity is always closely watched by investors. Sales to cover taxes on vesting equity are common and generally not viewed negatively unless the overall pattern of insider selling raises concerns.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on the stock price, but it is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates