Form 4: SI-BONE Director Sells Shares to Cover Tax Obligations

SI-BONE director Jeffrey W. Dunn sold 1,609 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Jeffrey W. Dunn, a director at SI-BONE, Inc., sold 1,609 shares of common stock on November 18, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $12.4309, with individual trades ranging from $12.33 to $13.06.
• Following the transaction, Dunn directly owns 20,431 shares and indirectly owns 106,330 shares through a trust.
• The indirect holdings include 17,627 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine transaction for a company director to cover tax obligations related to stock awards. It is a common practice and does not necessarily indicate a change in the director's outlook on the company.

Comparison to Industry Standards

• Sales of shares by directors to cover tax obligations are a common occurrence across publicly traded companies.
• The price range of $12.33 to $13.06 is within the normal trading range for SI-BONE stock.
• The number of shares sold is relatively small compared to the total shares outstanding, suggesting a routine transaction rather than a significant divestment.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

SI-BONE, insider trading, stock sale, Form 4, Jeffrey W. Dunn, restricted stock units, tax obligations