Form 4: SI-BONE SVP, Ops & Adm/Chief Legal Officer Michael Pisetsky Sells Shares to Cover Tax Obligations

Michael Pisetsky, SVP, Ops & Adm/Chief Legal Officer of SI-BONE, Inc., sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On April 2, 2025, Michael Pisetsky, SVP, Ops & Adm/Chief Legal Officer of SI-BONE, Inc., sold shares of the company's common stock.
• The sales were executed in multiple transactions at weighted average prices of $14.0917 and $14.1742, and a fixed price of $13.86.
• A total of 3,438 shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the reported transactions, Pisetsky beneficially owns 244,878 shares of SI-BONE common stock, including 157,982 shares issuable on the settlement of restricted stock units.

Sentiment

Score: 7

Explanation: Neutral sentiment as the filing represents a routine transaction to cover tax obligations. It doesn't indicate a change in the executive's long-term outlook on the company.

Positives

• The sale was explicitly to cover tax obligations, indicating standard compensation practices.

Industry Context

Form 4 filings are a routine part of the US market and are required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the explanation provided mitigates this concern.

Key Dates

Keywords

SI-BONE, Insider Trading, Form 4, Stock Sale, Michael Pisetsky, Tax Withholding, Restricted Stock Units, Beneficial Ownership