SI-BONE (NASDAQ: SIBN) CEO sells shares in tax-cover trades
Rhea-AI Filing Summary
SI-BONE, Inc. (SIBN) disclosed that Chief Executive Officer Laura Francis reported multiple same‑day open‑market sales totaling 14,956 shares of common stock on 2026-08-17 at weighted average prices around $18.63–$18.68 per share. Footnotes state these were "sell to cover" transactions executed to satisfy tax withholding obligations upon the vesting of restricted stock units and are not discretionary trades. After these trades, 373,270 shares are held indirectly by The David & Laura Joint Rev Tr., and an additional 355,697 shares are issuable upon settlement of restricted stock units granted to the reporting person.
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Insights
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Insider Trade Summary
Net Seller: 14,956 shares
Net Sell
6 txns
Insider
FRANCIS LAURA
Role
Chief Executive Officer
Sold
14,956 shs ($279K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,892 | $18.6578 | $73K |
| Sale | Common Stock F1, F2 | 3,652 | $18.6595 | $68K |
| Sale | Common Stock F1, F2 | 3,203 | $18.663 | $60K |
| Sale | Common Stock F1, F3 | 2,236 | $18.6814 | $42K |
| Sale | Common Stock F1, F4, F5, F6 | 1,973 | $18.6289 | $37K |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 493,900 shares (Direct);
Common Stock — 373,270 shares (Indirect, by Trust)
Footnotes (7)
- 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 $18.52 USD to $18.77 USD; the price reported above reflects the weighted average sale price.
- F3. This transaction was executed in multiple trades at prices ranging from $18.52 USD to $18.79 USD; the price reported above reflects the weighted average sale price.
- F4. This transaction was executed in multiple trades at prices ranging from $18.55 USD to $18.73 USD; the price reported above reflects the weighted average sale price.
- F5. Includes 355,697 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.
- F6. Reflects the transfer of shares from the Reporting Person to The David & Laura Joint Rev Tr.
- F7. Shares held by The David & Laura Joint Rev Tr.
Key Figures
Total shares sold: 14,956 shares
Sale price (example transaction): $18.6578 per share
Sale price range (trade group F2): $18.52–$18.77
+3 more
6 metrics
Total shares sold
14,956 shares
Aggregate common shares sold by CEO Laura Francis on 2026-08-17
Sale price (example transaction)
$18.6578 per share
Weighted average sale price for 3,892 shares of common stock sold on 2026-08-17
Sale price range (trade group F2)
$18.52–$18.77
Price range for grouped trades where the reported price is a weighted average sale price
Sale price range (trade group F3)
$18.52–$18.79
Price range for another group of trades with weighted average sale price reported
Trust-held shares
373,270 shares
Common shares held indirectly by The David & Laura Joint Rev Tr.
RSU-related shares issuable
355,697 shares
Shares issuable upon settlement of restricted stock units granted to the reporting person
Key Terms
sell to cover, restricted stock units, weighted average sale price, contingent right
4 terms
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.
restricted stock units financial
"Includes 355,697 shares issuable on the settlement of restricted stock units granted"
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.
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transaction did SI-BONE (SIBN) report for CEO Laura Francis?
SI-BONE reported that CEO Laura Francis sold 14,956 shares of common stock on 2026-08-17. The sales were conducted as part of a sell to cover arrangement to satisfy tax withholding obligations tied to vesting restricted stock units, and not as discretionary trades.
What restricted stock unit position does SI-BONE (SIBN) report for CEO Laura Francis?
A footnote states that the position includes 355,697 shares issuable upon settlement of restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of SI-BONE’s common stock upon settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
