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 restricted stock unit vesting.

Summary

• Anthony J. Recupero, President, Commercial Operations of SI-BONE, Inc. (SIBN), reported transactions on October 2, 2025.
• Recupero sold 1,557 shares of common stock at a weighted average price of $14.2374 per share.
• An additional 1,754 shares of common stock were sold at a weighted average price of $14.27 per share.
• These sales were non-discretionary, executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following these transactions, Recupero beneficially owns 271,977 shares of common stock, which includes 141,167 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported stock sales are non-discretionary, executed solely to cover tax withholding obligations related to RSU vesting, and do not reflect a change in management's confidence or a strategic move.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
• The sale satisfies the tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape for SI-BONE, Inc.

Stakeholder Impact

• Shareholders: Minimal impact as the sale is non-discretionary and tax-related, not indicative of a change in executive confidence.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

The reported transactions are routine 'sell to cover' sales for tax purposes related to restricted stock unit vesting, not discretionary trades. This event does not provide new information that would alter the fundamental investment thesis for SI-BONE, Inc., thus a 'hold' recommendation is appropriate.

Keywords

SI-BONE, SIBN, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation