Form 4: SI-BONE CFO Sells Shares for Tax Obligations

SI-BONE's Chief Financial Officer, Anshul Maheshwari, sold 3,311 shares of common stock on October 2, 2025, to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Anshul Maheshwari, Chief Financial Officer of SI-BONE, Inc., reported a sale of common stock.
• The transactions occurred on October 2, 2025.
• A total of 3,311 shares were sold across two transactions.
• The first transaction involved 1,754 shares at a weighted average price of $14.2237 per share.
• The second transaction involved 1,557 shares at a weighted average price of $14.1711 per share.
• The sales were non-discretionary, executed solely to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following these transactions, Maheshwari beneficially owns 211,134 shares, which includes 150,203 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax obligations, which is a neutral event. It is not a discretionary sale indicating a change in management's outlook on the company.

Future Outlook

NA

Management Comments

• The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
• The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor reduction in direct insider ownership, but the non-discretionary nature of the sale mitigates concerns about management's confidence.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

The Form 4 filing details a routine 'sell to cover' transaction by the CFO to satisfy tax obligations upon RSU vesting. This is a non-discretionary sale and does not reflect a change in the executive's confidence in the company's future prospects. Therefore, it does not provide new information that would warrant a change in investment recommendation based solely on this filing.

Keywords

SI-BONE, SIBN, Anshul Maheshwari, CFO, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding