Form 4: SI-BONE Exec Sells Shares for Tax Obligations

SI-BONE's President of Commercial Operations, Anthony J. Recupero, sold shares to cover tax withholding obligations related to RSU vesting.

Summary

• Anthony J. Recupero, President, Commercial Operations of SI-BONE, Inc. (SIBN), reported sales of common stock.
• On August 18, 2025, Recupero sold 2,126 shares at a weighted average price of $15.627 per share.
• On the same date, an additional 1,707 shares were sold at a weighted average price of $15.6134 per share.
• These sales were non-discretionary, executed solely to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following these transactions, Recupero beneficially owns 275,288 shares of common stock, which includes 147,947 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax obligations related to RSU vesting, indicating a neutral sentiment as it is not a discretionary sale reflecting management's view on the stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal impact as the sale is non-discretionary and for tax purposes, not indicative of a change in company outlook.
• Employees (Reporting Person): The vesting of restricted stock units represents a realization of compensation.

Key Dates

Recommendation

The filing is a routine Form 4 reporting a non-discretionary 'sell to cover' transaction by an executive to satisfy tax obligations from RSU vesting. This type of transaction does not reflect a change in management's outlook or confidence in the company's performance, thus it provides no new fundamental information to warrant a change in investment recommendation.

Keywords

SI-BONE, SIBN, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Beneficial Ownership