Tax-related SI-BONE (SIBN) CFO sale of 4,666 shares disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SI-BONE, Inc. Chief Financial Officer Anshul Maheshwari reported two open-market sales of common stock that were executed solely to cover tax withholding from vested restricted stock units. The transactions totaled 4,666 shares, sold at weighted average prices of $14.6545 and $14.7132 per share.
A footnote explains these were mandatory "sell to cover" trades and not discretionary sales. Another footnote notes 1,395 shares acquired under the 2018 Employee Stock Purchase Plan and 183,921 shares issuable upon settlement of outstanding restricted stock units, indicating a substantial remaining equity position tied to future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,666 shares ($68,523)
Net Sell
2 txns
Insider
Maheshwari Anshul
Role
Chief Financial Officer
Sold
4,666 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,477 | $14.7132 | $36K |
| Sale | Common Stock | 2,189 | $14.6545 | $32K |
Holdings After Transaction:
Common Stock — 260,671 shares (Direct, null)
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 $14.35 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. Includes 1,395 shares acquired under the SI-BONE, Inc 2018 Employee Stock Purchase Plan on May 15, 2026. Includes 183,921 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.
Key Figures
Shares sold (block 1): 2,189 shares
Price per share (block 1): $14.6545 per share
Shares sold (block 2): 2,477 shares
+4 more
7 metrics
Shares sold (block 1)
2,189 shares
Open-market sale of common stock at weighted average price $14.6545
Price per share (block 1)
<money>$14.6545</money> per share
Weighted average sale price for 2,189-share transaction
Shares sold (block 2)
2,477 shares
Open-market sale of common stock at weighted average price $14.7132
Price per share (block 2)
<money>$14.7132</money> per share
Weighted average sale price; individual trades $14.35–$14.84
Total shares sold
4,666 shares
Combined net-sell shares reported in transaction summary
RSUs outstanding
183,921 shares
Shares issuable upon settlement of restricted stock units
ESPP acquisition
1,395 shares
Shares acquired under 2018 Employee Stock Purchase Plan on May 15, 2026
Key Terms
sell to cover, restricted stock units, weighted average sale price, Employee Stock Purchase Plan, +1 more
5 terms
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.
restricted stock units financial
"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.
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
Employee Stock Purchase Plan financial
"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.
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 its CFO?
SI-BONE reported that CFO Anshul Maheshwari sold 4,666 shares of common stock. Footnotes state these sales were required to cover tax withholding from vested restricted stock units, characterizing them as routine “sell to cover” trades rather than discretionary open-market sales.
Were the SI-BONE (SIBN) CFO’s stock sales discretionary or pre-arranged?
The filing states the sales were made to satisfy tax withholding obligations through a “sell to cover” transaction. It explicitly notes the activity does not represent a discretionary trade by the reporting person, framing the transactions as mechanical tax-related events rather than elective portfolio changes.
What ongoing equity exposure does the SI-BONE (SIBN) CFO retain?
A footnote indicates 183,921 shares are issuable upon settlement of restricted stock units granted to the CFO. Each unit represents a contingent right to receive one share of common stock, so future vesting could significantly increase his direct share ownership over time, subject to continued service and plan terms.