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 May 16 and 17, 2024.
• The sales were executed in multiple transactions at varying prices, with weighted average sale prices reported.
• The sales on May 16, 2024, were at weighted average prices of $15.1291, $15.0985, and $15.0936.
• On May 17, 2024, shares were sold at a weighted average price of $14.8412.
• These sales were to cover tax withholding obligations related to the vesting of restricted stock units and were partially executed under a 10b5-1 trading plan.
• Following the reported transactions, Recupero beneficially owns 246,938 shares of common stock.
• This includes 1,414 shares acquired under the SI-BONE Employee Stock Purchase Plan on May 15, 2024, and 159,399 shares issuable on settlement of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it reflects necessary sales for tax obligations rather than discretionary trading decisions.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the reason for the sale.

Key Dates