Form 4: SI-BONE Director Timothy Davis Jr. Reports Grant of Restricted Stock Units

SI-BONE, Inc. Director Timothy E. Davis Jr. has reported the acquisition of 8,675 restricted stock units (RSUs) as part of his compensation, aligning his interests with shareholders.

Summary

• Timothy E. Davis Jr., a Director of SI-BONE, Inc. (SIBN), reported the acquisition of 8,675 shares of common stock through the settlement of restricted stock units (RSUs).
• The transaction date for this acquisition was June 5, 2025.
• These RSUs were granted at a price of $0.00 per unit, indicating they are part of an equity compensation plan.
• Following this transaction, Timothy E. Davis Jr. beneficially owns a total of 60,938 shares of SI-BONE, Inc. common stock.
• The 8,675 restricted stock units will vest 100% upon the earlier of the next annual general meeting of stockholders or one year from the Vesting Commencement Date, contingent on Mr. Davis's continuous service on the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the transaction represents routine director compensation that aligns insider interests with shareholders, without indicating any negative operational or financial issues.

Positives

• The grant of restricted stock units to a director aligns the director's financial interests with those of the company's shareholders, encouraging long-term value creation.
• Equity compensation is a standard practice for retaining and incentivizing experienced board members.

Negatives

• The issuance of new shares upon vesting of RSUs can result in minor dilution for existing shareholders, though this is a common aspect of equity compensation plans.

Future Outlook

The document indicates future vesting of the granted restricted stock units, contingent on the director's continuous service, which will occur upon the earlier of the next annual general meeting or one year from the Vesting Commencement Date.

Industry Context

This filing is a routine insider transaction report common across all industries where public companies use equity compensation to incentivize and retain directors and executives.

Stakeholder Impact

• Shareholders: Experience minor dilution from the issuance of new shares upon vesting, but benefit from increased alignment of the director's interests with long-term company performance.
• Director (Timothy E. Davis Jr.): Receives equity compensation, incentivizing continued service and performance.

Next Steps

• The 8,675 restricted stock units are subject to vesting 100% upon the earlier of the next annual general meeting of the stockholders or one year from the Vesting Commencement Date, provided continuous service as a director.

Key Dates

Keywords

SI-BONE, SIBN, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, SEC Form 4, Equity Compensation, Beneficial Ownership