Form 4: SI-BONE Executive Anthony Recupero Sells Shares to Cover Tax Obligations

Anthony Recupero, President of Commercial Operations at SI-BONE, Inc., sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On April 2nd and 3rd, 2024, Anthony J. Recupero, President of Commercial Operations at SI-BONE, Inc., sold shares of the company's common stock.
• The sales were executed in multiple transactions at varying prices.
• A total of 4,227 shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units.
• The sales on April 2nd were at weighted average prices of $15.4909 and $15.5159, while the sale on April 3rd was at a weighted average price of $15.6298.
• Following these transactions, Recupero still beneficially owns 251,533 shares of SI-BONE, Inc.
• The sale on April 3rd was effected pursuant to a 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, especially to cover tax obligations related to equity compensation. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price, but are unlikely to significantly affect long-term shareholder value.

Key Dates