Form 4: SI-BONE Director Jeffrey W. Dunn Sells Shares to Cover Tax Obligations
SEC Form 4
Director Jeffrey W. Dunn sold 343 shares of SI-BONE, Inc. to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 2, 2024, Jeffrey W. Dunn, a director of SI-BONE, Inc., sold 343 shares of common stock at a weighted average price of $14.3221.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Dunn directly owns 26,792 shares and indirectly owns 103,499 shares through The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
- The direct holdings include 26,319 shares issuable on settlement of restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares has a minimal impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2012-05-17 | Date of The Jeffrey W. Dunn Living Trust |
| 2024-08-02 | Date of transaction: Sale of shares |
| 2024-08-06 | Date of report |
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