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

Director Jeffrey W. Dunn sold 341 shares of SI-BONE, Inc. to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 10, 2024, Jeffrey W. Dunn, a director of SI-BONE, Inc., sold 341 shares of common stock at a weighted average price of $12.9918.
• The sale was executed in multiple trades with prices ranging from $12.93 to $13.07.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units and does not represent a discretionary trade.
• Dunn also transferred 103,029 shares to The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
• Following the reported transactions, Dunn directly owns 18,814 shares and indirectly owns 103,029 shares through the trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The sale is related to tax obligations, which is a normal part of executive compensation. The transfer of shares to a trust is also a common estate planning activity.

Positives

• The sale was to cover tax obligations, indicating the vesting of restricted stock units, which can be seen as a positive sign of compensation and company performance.

Industry Context

Sales of shares by company directors are a common occurrence and are often related to compensation or personal financial planning. It is important to consider the context of the sale, such as whether it is related to tax obligations or a broader trend of insider selling.

Related Party Transactions

• Transfer of 103,029 shares to The Jeffrey W. Dunn Living Trust Dated May 17, 2012.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the explanation provided mitigates potential concerns.

Key Dates