Form 4: SI-BONE Director Mika Nishimura Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Mika Nishimura was granted 10,957 restricted stock units as part of her ongoing service to SI-BONE, Inc.
Summary
- Director Mika Nishimura acquired 10,957 restricted stock units (RSUs) on June 4, 2026.
- Each RSU represents a contingent right to receive one share of SI-BONE, Inc. common stock.
- The RSUs vest 100% on the earlier of the next annual general meeting or one year from the vesting commencement date, contingent on continued service.
- Following this transaction, the reporting person beneficially owns 43,673 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified; this is a standard equity grant for a board member.
Risks
- Vesting is subject to the reporting person's continuous service as a member of the Board of Directors.
Future Outlook
The RSUs are expected to vest in full within one year, subject to continued board service.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the medical device sector to ensure board alignment with company performance.
Comparison to Industry Standards
- The grant of RSUs to directors is consistent with standard compensation practices for publicly traded medical technology companies.
- The vesting schedule aligns with typical one-year director equity retention policies observed in the industry.
Stakeholder Impact
- Minimal impact on shareholders; represents standard director compensation.
Next Steps
- Vesting of the 10,957 RSUs upon the next annual general meeting or one year from the vesting commencement date.
Key Dates
| Date | Description |
|---|---|
| 2021-02-23 | Execution date of the Power of Attorney for SEC filings. |
| 2026-06-04 | Date of the RSU grant transaction. |
| 2026-06-08 | Date of filing the Form 4 with the SEC. |
Keywords
SI-BONE, SIBN, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction
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