Form 4: SI-BONE Executive Sells Shares to Cover Tax Obligations

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 October 2nd and 3rd, 2024.
• The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• On October 2nd, 1,554 shares were sold at a weighted average price of $13.5788, and 1,751 shares were sold at a weighted average price of $13.5784.
• On October 3rd, 921 shares were sold at $13.6.
• Following these transactions, Recupero beneficially owns 232,491 shares, including 137,761 shares issuable upon settlement of restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The stock sale is related to tax obligations, which is a normal part of executive compensation. It doesn't necessarily indicate a lack of confidence in the company, but it also doesn't provide a strong positive signal.

Positives

• The sale was explicitly to cover tax obligations, indicating vesting of restricted stock units, which can be seen as a positive sign of compensation and alignment with company performance.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to stock-based compensation. The market typically assesses these sales in the context of overall insider sentiment and company performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates