SI-BONE (SIBN) director granted 10,957 restricted stock units and reports holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SI-BONE, Inc. director John Gordon Freund reported a compensation-related equity grant rather than an open-market trade. He received 10,957 shares of Common Stock in the form of restricted stock units at $0.00 per share, classified as a grant or award acquisition. These restricted stock units will vest 100% on the earlier of the next annual general meeting of stockholders or one year from the vesting commencement date, subject to his continued board service. Following this award, he directly holds 54,258 shares, which include 10,957 shares issuable upon settlement of restricted stock units, and is also associated with 91,767 shares held indirectly through John Freund Family Partnership IV, L.P., for which he may be deemed to have voting and investment power but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Freund John Gordon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,957 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,258 shares (Direct, null);
Common Stock — 91,767 shares (Indirect, By John Freund Family Partnership IV, L.P)
Footnotes (1)
- 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. 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. Shares held by John Freund Family Partnership IV, L.P. ("Family LP"). Reporting Person, a member of Issuer's board of directors, is a general partner of Family LP and may be deemed to have voting and investment power with respect to the securities held by Family LP. Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 10,957 shares
Direct holdings after grant: 54,258 shares
Indirect partnership holdings: 91,767 shares
+2 more
5 metrics
RSU grant size
10,957 shares
Restricted stock units granted to director at $0.00 per share
Direct holdings after grant
54,258 shares
Common stock directly held following the RSU award
Indirect partnership holdings
91,767 shares
Shares held by John Freund Family Partnership IV, L.P.
Grant price
$0.00 per share
Restricted stock units issued at no cash cost to director
Vesting trigger
Next annual meeting or 1 year
RSUs vest 100% at earlier of next AGM or one year from vesting start
Key Terms
restricted stock units, contingent right, continuous service, beneficial ownership, +1 more
5 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
continuous service financial
"subject to the Reporting Person's continuous service as a member of the Company's Board of Directors until such date."
beneficial ownership financial
"Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
FAQ
What did SI-BONE (SIBN) director John Gordon Freund report in this Form 4?
He reported an equity compensation grant, not an open-market trade. The filing shows he received 10,957 restricted stock units of SI-BONE common stock, reflecting a grant or award acquisition under the company’s director compensation program.
When do John Gordon Freund’s new SI-BONE (SIBN) restricted stock units vest?
They vest 100% on the earlier of the next annual general meeting of SI-BONE stockholders or one year from the vesting commencement date. Vesting requires his continuous service as a member of the company’s Board of Directors through that date.
What indirect SI-BONE (SIBN) holdings are reported for John Gordon Freund?
The filing reports 91,767 SI-BONE shares held by John Freund Family Partnership IV, L.P. He may be deemed to share voting and investment power over these securities but disclaims beneficial ownership except to the extent of his pecuniary interest in the partnership.