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
- On January 2, 2025, Anthony J. Recupero, President of Commercial Operations at SI-BONE, Inc., sold 1,944 shares of common stock at a weighted average price of $13.9155.
- He also sold 1,726 shares of common stock at a weighted average price of $13.8832.
- These sales were to cover tax withholding obligations related to the vesting of restricted stock units and do not represent discretionary trades.
- Following these transactions, Recupero beneficially owns 222,814 shares, including 122,905 shares issuable on the settlement of restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock sales for tax purposes, which is a routine transaction.
Industry Context
This is a routine Form 4 filing related to an executive's stock sales to cover tax obligations, a common practice in publicly traded companies.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on stakeholders as they are related to tax obligations and represent a small portion of the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock sale transactions |
| 01/06/2025 | Date of signature on the Form 4 filing |
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