Form 4: SI-BONE Director Jeffrey W. Dunn Sells Shares to Cover Tax Obligations
SEC Form 4
Director Jeffrey W. Dunn sold 1,581 shares of SI-BONE, Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 16, 2024, Jeffrey W. Dunn, a director of SI-BONE, Inc., sold 1,581 shares of common stock at a weighted average price of $15.1311.
- The sale was executed in multiple trades with prices ranging from $15.06 to $15.22.
- 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 21,512 shares and indirectly owns 100,672 shares through The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
- The indirect holdings include 19,155 shares issuable on the settlement of restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
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
| Date | Description |
|---|---|
| May 17, 2012 | Date of The Jeffrey W. Dunn Living Trust |
| May 16, 2024 | Date of stock sale transaction |
| May 17, 2024 | Date of signature on the Form 4 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.