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

SI-BONE's Chief Financial Officer, Anshul Maheshwari, sold 3,460 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Anshul Maheshwari, Chief Financial Officer of SI-BONE, Inc. (SIBN), reported the sale of 3,460 shares of common stock.
• The sales occurred on November 17, 2025.
• The first block of 1,275 shares was sold at a weighted average price of $17.4098 per share.
• The second block of 2,185 shares was sold at a weighted average price of $17.4369 per share.
• These sales were non-discretionary "sell to cover" transactions, executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, Anshul Maheshwari beneficially owns 205,073 shares of SI-BONE common stock directly, which includes 143,116 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a routine, non-discretionary 'sell to cover' for tax purposes, which is a common occurrence for executives receiving equity compensation.

Positives

• The transaction was non-discretionary, indicating it was not a voluntary sale based on a negative outlook.
• The sale was for tax withholding obligations, a routine event for executives receiving equity compensation.

Negatives

• A reduction in direct beneficial ownership by a key executive, even if for tax purposes.

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: Minimal impact, as the sale is for tax purposes and not indicative of a change in management's confidence.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine 'sell to cover' transaction by the CFO to satisfy tax obligations related to RSU vesting. It is not a discretionary sale and therefore does not typically signal a change in management's outlook or the company's fundamentals. As such, it provides no new information to 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, Equity Compensation