Form 4: SI-BONE Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Anthony J. Recupero, President of Commercial Operations at SI-BONE, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Anthony J. Recupero, President, Commercial Ops of SI-BONE, Inc., reported the sale of common stock on February 18, 2025.
- The sales were executed in multiple transactions at varying prices.
- The sales were to cover tax withholding obligations related to the vesting of restricted stock units and do not represent a discretionary trade.
- Following the reported transactions, Recupero still beneficially owns 287,866 shares of SI-BONE common stock, including 177,850 shares issuable on settlement of restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock sales for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the purpose of the sale.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock sale transactions |
| 02/21/2025 | Date of Form 4 filing |
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