Form 4: SI-BONE Director Mika Nishimura Sells 2,500 Shares
SEC Form 4
Director Mika Nishimura of SI-BONE, Inc. sold 2,500 shares of common stock at a price of $16.22 on March 13, 2024.
Summary
- On March 13, 2024, Mika Nishimura, a director of SI-BONE, Inc. (SIBN), disposed of 2,500 shares of common stock.
- The transaction was a sale, with the shares being sold at a price of $16.22 per share.
- Following the transaction, Nishimura directly owns 19,350 shares of SI-BONE common stock, which includes 5,550 shares issuable on the settlement of restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a routine transaction disclosure. The sale of shares by a director could be seen as slightly negative, but the quantity is not significant.
Negatives
- A director selling shares could be perceived negatively by investors, although the amount is relatively small.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: Mika Nishimura sold 2,500 shares of SI-BONE common stock. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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