SI-BONE CEO sells shares to cover RSU taxes
SI-BONE, Inc.’s Chief Executive Officer Laura Francis reported open-market sales of 14,957 shares of common stock on May 18, 2026, at weighted average prices around the mid-$14 range.
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Form Type
4
Rhea-AI Filing Summary
SI-BONE, Inc.’s Chief Executive Officer Laura Francis reported open-market sales of 14,957 shares of common stock on May 18, 2026, at weighted average prices around the mid-$14 range. According to the disclosure, these shares were sold solely to cover tax withholding obligations tied to vesting restricted stock units and were not discretionary trades.
Following the sales, Francis directly holds 503,444 shares of SI-BONE common stock. She also has indirect ownership of additional shares held by a family trust, providing substantial ongoing equity exposure despite the tax-related share sales.
Insider Trade Summary
Net Seller: 14,957 shares
Net Sell
6 txns
Insider
FRANCIS LAURA
Role
Chief Executive Officer
Sold
14,957 shs ($220K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,893 | $14.7453 | $57K |
| Sale | Common Stock | 2,236 | $14.6749 | $33K |
| Sale | Common Stock | 1,973 | $14.5694 | $29K |
| Sale | Common Stock | 3,652 | $14.7499 | $54K |
| Sale | Common Stock | 3,203 | $14.7273 | $47K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 503,444 shares (Direct);
Common Stock — 378,682 shares (Indirect, by Trust)
Footnotes (9)
- F1. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $14.34 USD to $14.84 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.
- F3. This transaction was executed in multiple trades at prices ranging from $14.35 USD to $14.85 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.
- F4. This transaction was executed in multiple trades at prices ranging from $14.34 USD to $14.87 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.
- F5. This transaction was executed in multiple trades at prices ranging from $14.33 USD to $14.85 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.
- F6. Includes 1,395 shares acquired under the SI-BONE, Inc 2018 Employee Stock Purchase Plan on May 15, 2026.
- F7. Reflects the transfer of shares from the Reporting Person to The David & Laura Joint Rev Tr.
- F8. Includes 385,070 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.
- F9. Shares held by The David & Laura Joint Rev Tr.
Key Figures
Shares sold: 14,957 shares
Direct holdings after sale: 540,476 shares
Indirect trust holdings: 378,682 shares
+2 more
5 metrics
Shares sold
14,957 shares
Open-market sales on May 18, 2026 to cover RSU tax
Direct holdings after sale
540,476 shares
Common stock directly owned by Laura Francis after transactions
Indirect trust holdings
378,682 shares
Common stock held indirectly by trust associated with Laura Francis
Sample sale price
$14.7273 per share
One weighted average price reported for May 18, 2026 sale
Sale price ranges
$14.33–$14.87
Execution price bands across multiple trades noted in footnotes
Key Terms
restricted stock units, sell to cover, weighted average sale price, Employee Stock Purchase Plan, +1 more
5 terms
restricted stock units financial
"tax withholding obligations in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
Employee Stock Purchase Plan financial
"Includes 1,395 shares acquired under the SI-BONE, Inc 2018 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
trust financial
"Shares held by The David & Laura Joint Rev Tr."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SI-BONE (SIBN) CEO Laura Francis report?
Laura Francis reported selling 14,957 shares of SI-BONE common stock on May 18, 2026. The company states these shares were sold to cover tax withholding from vesting restricted stock units, making the activity a tax-driven event rather than a discretionary portfolio trade.
What does the SI-BONE (SIBN) Form 4 say about Laura Francis’s trust holdings?
The Form 4 lists an indirect position of common stock held "by Trust" associated with Laura Francis. A footnote explains the shares are held by The David & Laura Joint Revocable Trust, reflecting additional indirect ownership separate from her directly held SI-BONE shares.
Does the SI-BONE (SIBN) Form 4 mention restricted stock units for Laura Francis?
Yes. One footnote states that certain reported holdings include shares issuable upon settlement of restricted stock units granted to Laura Francis. Each restricted stock unit represents a contingent right to receive one share of SI-BONE common stock in the future, subject to vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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