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 of Commercial Operations at SI-BONE, Inc. (SIBN), reported sales of common stock on January 2, 2026.
• A total of 1,948 shares were sold at a weighted-average price of $19.6053 per share, with individual transaction prices ranging from $19.37 to $19.82.
• An additional 1,729 shares were sold at a weighted-average price of $19.6372 per share, with individual transaction prices ranging from $19.44 to $19.81.
• These sales were non-discretionary 'sell to cover' transactions, executed solely to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
• Following these transactions, Anthony J. Recupero beneficially owns 264,467 shares of common stock, which includes 126,535 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' to satisfy tax obligations on vesting restricted stock units, not a discretionary sale reflecting management's view on the stock. Therefore, it has a neutral impact on sentiment.

Future Outlook

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

Industry Context

This is a routine insider transaction report common across all industries for executives receiving equity compensation, reflecting a standard mechanism for covering tax liabilities upon RSU vesting rather than a strategic market move.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in the executive's confidence or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a non-discretionary 'sell to cover' transaction by an executive to satisfy tax obligations related to RSU vesting. Such routine sales do not typically reflect a change in the executive's confidence in the company's future prospects or provide new fundamental information that would warrant a change in investment recommendation. Investors should maintain their current position based on broader company fundamentals.

Keywords

SIBN, insider transaction, Form 4, stock sale, restricted stock units, tax withholding, executive compensation