Form 4: SI-BONE Executive Sells Shares for Tax Obligations Related to RSU Vesting

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

Summary

• Anthony J. Recupero, President of Commercial Operations at SI-BONE, Inc. (SIBN), reported the sale of common stock.
• The transactions occurred on July 2, 2025, and were filed on July 7, 2025.
• A total of 1,556 shares were sold at a weighted average price of $18.2802 per share.
• An additional 1,754 shares were sold at a weighted average price of $18.2622 per share.
• The sales were explicitly stated as 'sell to cover' transactions, meaning they were required to cover tax withholding obligations associated with the vesting of restricted stock units and do not represent discretionary trades.
• Following these transactions, Anthony J. Recupero beneficially owns 279,121 shares of SI-BONE, Inc. common stock.
• The beneficially owned shares include 155,797 shares issuable upon the settlement of restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine, non-discretionary transaction for tax purposes, indicating no change in sentiment from the executive regarding the company's prospects.

Positives

• The vesting of restricted stock units indicates a component of executive compensation, which can be a tool for employee retention and alignment of interests.

Future Outlook

N/A

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

N/A

Stakeholder Impact

• Shareholders: The sale represents a minor, non-discretionary dilution event, which is a common occurrence with executive compensation structures.
• Employees: The vesting of restricted stock units is a positive for the executive's compensation, aligning their interests with shareholder value.

Key Dates

Recommendation

Keywords

SI-BONE, SIBN, Form 4, insider transaction, stock sale, restricted stock units, RSU vesting, tax withholding, executive compensation