Form 4: SI-BONE Director Jeffrey W. Dunn Sells Shares to Cover Tax Obligations

Director Jeffrey W. Dunn sold 1,619 shares of SI-BONE, Inc. to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On February 18, 2025, Jeffrey W. Dunn, a director of SI-BONE, Inc., sold 1,619 shares of common stock at a weighted average price of $16.7706 per share.
• The sale was executed in multiple trades with prices ranging from $16.36 to $16.945.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units and does not represent a discretionary trade.
• Following the transaction, Dunn directly owns 15,191 shares, which includes 12,872 shares issuable on settlement of restricted stock units.
• Dunn also indirectly owns 109,614 shares through The Jeffrey W. Dunn Living Trust dated May 17, 2012.
• A transfer of shares from Dunn to The Jeffrey W. Dunn Living Trust dated May 17, 2012 is also noted.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is related to tax obligations and doesn't indicate a change in the director's view of the company's prospects.

Industry Context

This is a routine Form 4 filing, common for corporate insiders selling shares to cover tax obligations. It doesn't necessarily reflect a change in the director's confidence in the company.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

SI-BONE, Director, Jeffrey W. Dunn, Form 4, Share Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership