Form 4: SI-BONE Executive 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 a sale of common stock.
• The transactions occurred on November 17, 2025.
• The sales were non-discretionary 'sell to cover' transactions, executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
• A total of 1,707 shares were sold at a weighted average price of $17.4232 per share.
• An additional 2,126 shares were sold at a weighted average price of $17.4462 per share.
• Following these transactions, Anthony J. Recupero beneficially owns 268,144 shares of common stock.
• This beneficial ownership includes 133,316 shares issuable upon the settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' to satisfy tax obligations upon RSU vesting, not indicative of discretionary trading or a change in management's outlook.

Future Outlook

NA

Management Comments

• The sale reported on this Form 4 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

NA

Stakeholder Impact

• Shareholders: The sale represents a minor, non-discretionary transaction by an executive, with negligible impact on the company's overall share structure or market perception.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' to satisfy tax obligations related to restricted stock unit vesting. It does not reflect a change in management's confidence or a strategic move, thus it provides no new fundamental information to alter an existing investment recommendation. Investors should hold their position based on broader company fundamentals.

Keywords

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