Form 4: SI-BONE Director Timothy E. Davis Jr. Reports Acquisition of Common Stock

Director Timothy E. Davis Jr. acquired 8,791 shares of SI-BONE common stock on June 26, 2024, through the settlement of restricted stock units.

Summary

• On June 26, 2024, Timothy E. Davis Jr., a director of SI-BONE, Inc., acquired 8,791 shares of common stock.
• The acquisition was a result of the settlement of restricted stock units (RSUs).
• The price per share was $0.00, indicating the shares were received as part of a compensation plan.
• Following the transaction, Davis directly owns 52,263 shares of SI-BONE common stock, which includes 13,657 shares issuable on settlement of restricted stock units.
• The RSUs vest 100% upon the earlier of the next annual general meeting or one year from the Vesting Commencement Date, contingent upon continuous service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a positive sign, indicating confidence in the company. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continuous service on the board, aligning their interests with the company's long-term success.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company insiders, such as directors, and their confidence in the company's stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates