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 May 2, 2024, Jeffrey W. Dunn, a director of SI-BONE, Inc., sold 343 shares of common stock at a weighted average price of $14.5351 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Dunn directly owns 23,566 shares and indirectly owns 100,199 shares through The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
- The direct holdings include 23,093 shares issuable on the settlement of restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares 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 02, 2024 | Date of transaction: sale of shares |
| May 03, 2024 | Date of signature for the Form 4 filing |
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