SIBN Form 4: CFO sell-to-cover of 3,311 shares; retains 150,203 RSUs
Rhea-AI Filing Summary
SI-BONE, Inc. (SIBN) Chief Financial Officer Anshul Maheshwari reported the sale of a total of 3,311 shares of common stock on 10/02/2025 to satisfy tax withholding tied to vesting restricted stock units. The transactions were executed as two separate sell-to-cover events at weighted-average prices of $14.2237 and $14.1711, respectively, with execution prices within the disclosed ranges.
After these sales, the reporting person beneficially owns 211,134 to 212,691 shares depending on line reporting, which includes 150,203 restricted stock units that remain subject to settlement. The filing indicates the sales were non-discretionary and intended solely to cover tax obligations rather than open-market trading decisions.
Positive
- Sale was a sell-to-cover for RSU tax withholding, indicating non-discretionary intent
- Reporting person retains significant economic exposure including 150,203 RSUs and >211,000 beneficial shares
Negative
- Insider disposed of 3,311 shares, which modestly reduces direct holdings
- Weighted-average sale prices reported in mid-$14 range, potentially signaling realized proceeds at current market levels
Insights
Routine tax-driven insider sale; retains significant stake.
The reported transactions show a sell-to-cover of 3,311 shares by the CFO on 10/02/2025 to satisfy tax withholding from RSU vesting. Such sales are common when equity grants vest and typically do not reflect a discretionary view on company prospects.
Retention of over 150,000 unvested RSUs and a beneficial holding above 211,000 shares suggests continued alignment with shareholders. Monitor future filings for any discretionary open-market sales or scheduled option exercises over the next 12 months.
Small-volume insider sale at mid-teens price range; limited market impact.
The total sold volume (3,311 shares) and the reported weighted-average sale prices around $14.17–$14.22 represent a modest transaction relative to typical public-company float sizes. The filing discloses price ranges for the underlying trades and offers to provide trade-level detail if requested.
Because the sale is labeled as satisfying tax withholding, it is unlikely to be material to short-term liquidity or market valuation; investors may watch subsequent Form 4s for any change to trading pattern in the coming 12 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,754 | $14.2237 | $25K |
| Sale | Common Stock | 1,557 | $14.1711 | $22K |
Footnotes (1)
- The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. This transaction was executed in multiple trades at prices ranging from $14.105 USD to $14.34 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. This transaction was executed in multiple trades at prices ranging from $14.065 USD to $14.30 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. Includes 150,203 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.
