SIBN insider sale: Michael Pisetsky sold 3,128 shares at ~$14.10–$14.33
Rhea-AI Filing Summary
SI-BONE, Inc. (SIBN) reported insider sales by Michael A. Pisetsky, SVP, Ops & Adm/Chief Legal Officer, on 10/02/2025. The Form 4 shows a total of 3,128 shares of common stock sold across multiple trades to satisfy tax withholding on vesting restricted stock units; these sales are described as a "sell to cover" and not discretionary. Reported weighted average prices per transaction are $14.255, $14.1053, and $14.2537, and the filing lists 256,556, 256,522, and 255,224 shares beneficially owned after each reported sale line. The filing also discloses 132,362 shares issuable on settlement of restricted stock units retained by the reporting person.
Positive
- Transparent disclosure of insider sales and detailed price ranges per footnote
- Sales were non-discretionary "sell to cover" transactions tied to RSU tax withholding
Negative
- Insider sold shares (3,128 total), which may modestly reduce insider-held shares
- Beneficial ownership decreased in reported lines to as low as 255,224 shares
Insights
Sale was a routine sell-to-cover for RSU tax withholding, indicating compliance.
The transaction is described as a non-discretionary "sell to cover" tied to the vesting of restricted stock units, which is a common mechanism executives use to satisfy tax obligations without additional cash outlay. The reporting person remains an officer and retains a substantial position including 132,362 RSU-settled shares.
The principal dependency is the vesting schedule and tax treatment of the RSUs; future reporting will show whether similar automatic sales recur near vesting dates within the next 12 months.
Insider sales were small relative to total holdings and executed at mid-$14 prices.
Total shares sold equal 3,128 and executed in multiple trades at prices ranging from $14.05 to $14.33 across the reported lines; weighted average prices per line are disclosed. The filing shows minute fluctuations in reported beneficial ownership figures after each line.
Market impact from these trades is unlikely given the modest size; watch for additional Form 4s around future RSU vesting events or any discretionary sales within the next fiscal year.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,796 | $14.255 | $26K |
| Sale | Common Stock | 34 | $14.1053 | $479.58 |
| Sale | Common Stock | 1,298 | $14.2537 | $19K |
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 $14.05 USD to $14.33 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 $14.10 USD to $14.16 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 132,362 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.
