Insider Sale: John Freund Disposes 12,132 SIBN Shares; Retains 91,767
Rhea-AI Filing Summary
John G. Freund, a director of SI-BONE, Inc. (SIBN), reported insider sales and remaining holdings. The Form 4 shows a sale (Code S) of 12,132 shares on 08/08/2025 at a weighted-average price of $15.9906, executed in multiple trades with prices ranging from $15.80 to $16.3950. The filing also records a reported disposition of 43,301 shares which includes 8,675 restricted stock units.
The report shows 91,767 shares beneficially owned following the reported transaction(s), held indirectly by John Freund Family Partnership IV, L.P. The filing notes the Reporting Person is a general partner of that Family LP and disclaims beneficial ownership except to the extent of pecuniary interest.
Positive
- Retains substantial indirect stake: 91,767 shares held by John Freund Family Partnership IV, L.P.
- Clear disclosure: Form 4 provides weighted-average sale price and the trade price range ($15.80 to $16.3950).
Negative
- Insider sale: 12,132 shares sold at a weighted-average price of $15.9906 on 08/08/2025.
- Disposition includes RSUs: 43,301 shares reported disposed includes 8,675 restricted stock units, affecting future share issuance/settlement.
Insights
TL;DR: Insider sale of 12,132 shares at ~$16; significant indirect stake remains (91,767), so market impact likely limited absent other disclosures.
The Form 4 documents a clear, executed sale of 12,132 common shares at a weighted-average of $15.9906, with individual trade prices between $15.80 and $16.3950. The filing preserves material context by showing 91,767 shares held indirectly by John Freund Family Partnership IV, L.P., indicating continued economic exposure. The report also flags a separate reported disposition of 43,301 shares that includes 8,675 restricted stock units, which affects potential future share availability.
TL;DR: Transaction disclosed transparently; indirect ownership via a family partnership remains substantial, and RSU inclusion clarifies compensation-related shares.
The disclosure follows Section 16 requirements, providing weighted-average sale price and trade range. Notably, the reporting person is identified as general partner of the Family LP that holds 91,767 shares, and the filing expressly disclaims beneficial ownership aside from pecuniary interest. The note that 8,675 restricted stock units are included in the 43,301 reported shares helps separate compensation-driven share movements from discretionary open-market trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,132 | $15.9906 | $194K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $15.80 USD to $16.3950 USD; the price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares held by John Freund Family Partnership IV, L.P. ("Family LP"). Reporting Person, a member of Issuer's board of directors, is a general partner of Family LP and may be deemed to have voting and investment power with respect to the securities held by Family LP. Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein. Includes 8,675 shares issuable on the settlement of restricted stock units granted to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
