SI-BONE (SIBN) director gets RSUs, sells shares to cover taxes
Rhea-AI Filing Summary
SI-BONE, Inc. director Jeffrey W. Dunn reported routine equity compensation and related tax sales. He received a grant of 10,957 shares of common stock as restricted stock units, which each represent a contingent right to one share and will vest in full at the earlier of the next annual stockholder meeting or one year from the vesting commencement date, subject to continued board service.
To cover tax withholding from RSU vesting, 3,575 shares of common stock were sold in open-market transactions at a weighted average price of $15.2462 per share in a non-discretionary “sell to cover” transaction. After these transactions, Dunn holds 16,057 shares directly and 81,073 shares indirectly through The Jeffrey W. Dunn Living Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,382 shares
Net Buy
3 txns
Insider
DUNN JEFFREY W
Role
Director
Sold
3,575 shs ($55K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,575 | $15.2462 | $55K |
| Grant/Award | Common Stock | 10,957 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,057 shares (Direct);
Common Stock — 81,073 shares (Indirect, by Trust)
Footnotes (6)
- F1. Reflects 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. The shares subject to the restricted stock unit will vest 100% upon the earlier of (i) the next annual general meeting of the stockholders of the Company or (ii) the date one year from the Vesting Commencement Date, subject to the Reporting Person's continuous service as a member of the Company's Board of Directors until such date.
- F2. 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.
- F3. This transaction was executed in multiple trades at prices ranging from $15.085 USD to $15.42 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. Includes 10,957 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.
- F5. Reflects the transfer of shares from the Reporting Person to The Jeffrey W. Dunn Living Trust dated May 17, 2012.
- F6. Shares held by The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
Key Figures
Shares sold: 3,575 shares
Average sale price: $15.2462 per share
RSU grant size: 10,957 shares
+3 more
6 metrics
Shares sold
3,575 shares
Open-market sale to cover tax withholding
Average sale price
$15.2462 per share
Weighted average price for 3,575-share tax sale
RSU grant size
10,957 shares
Restricted stock units granted to director
Direct holdings after transactions
16,057 shares
Common stock held directly post-transaction
Indirect trust holdings
81,073 shares
Common stock held via The Jeffrey W. Dunn Living Trust
Sale price range
$15.085–$15.42 per share
Price range for multiple trades in tax sale
Key Terms
restricted stock units, sell to cover, weighted average sale price, Living Trust
4 terms
restricted stock units financial
"Reflects shares issuable on the settlement of restricted stock units granted to the Reporting Person."
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
"The sale satisfies the 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"
Living Trust financial
"Shares held by The Jeffrey W. Dunn Living Trust Dated May 17, 2012."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did SI-BONE (SIBN) director Jeffrey Dunn report?
Jeffrey Dunn reported a grant of 10,957 restricted stock units and a sale of 3,575 shares of SI-BONE common stock to cover tax withholding obligations related to RSU vesting.
What equity award did Jeffrey Dunn receive from SI-BONE (SIBN)?
He received 10,957 restricted stock units. Each unit represents a contingent right to one SI-BONE common share, vesting fully at the earlier of the next annual stockholder meeting or one year from the vesting commencement date.