SI-BONE Insider Sell-to-Cover: 3,833 Shares Disposed on 08/18/2025
Rhea-AI Filing Summary
Anthony J. Recupero, President, Commercial Ops of SI-BONE, Inc. (SIBN), reported routine sales on 08/18/2025 to cover tax withholding arising from vested restricted stock units. The Form 4 shows two disposition entries totaling 3,833 shares sold (2,126 and 1,707 shares) at weighted-average prices of $15.627 and $15.6134, executed in multiple trades within price ranges noted in the footnotes. After the reported transactions, the filing shows 275,288 shares beneficially owned and discloses 147,947 shares issuable upon settlement of outstanding restricted stock units. The filing identifies the sales as "sell to cover" for tax obligations and not discretionary trading.
Positive
- Sales were identified as "sell to cover", indicating they were executed to satisfy tax withholding on vested RSUs rather than discretionary selling
- Filing discloses the number of shares issuable on outstanding RSUs (147,947), providing transparency on potential future dilution
Negative
- Reporting person reduced beneficial ownership by 3,833 shares through the reported dispositions on 08/18/2025
Insights
TL;DR: Routine "sell to cover" sales by an officer to satisfy tax withholdings; no indication of strategic divestiture.
The Form 4 documents non-discretionary dispositions totaling 3,833 shares executed to satisfy tax withholding on vested restricted stock units. Such transactions are customary when equity-based awards vest and are typically pre-authorized by company plans or executed as automatic sell-to-cover transactions. The filing discloses the number of shares issuable on outstanding RSUs (147,947), which is helpful for assessing future dilution. No additional governance concerns or extraordinary insider activity are evident from this filing.
TL;DR: Insider sold a small number of shares at ~$15.61 per share to cover taxes; impact on ownership and float is immaterial.
The reported weighted-average sale prices fall in the mid-$15 range and the total shares sold (3,833) represent a minor reduction relative to the officer's remaining holdings (275,288 reported). Transactions are described as non-discretionary sell-to-cover trades tied to RSU vesting, suggesting these sales are administrative rather than a signal about company prospects. The footnotes document execution across multiple trade prices and commit to provide detailed trade-level data if requested.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,126 | $15.627 | $33K |
| Sale | Common Stock | 1,707 | $15.6134 | $27K |
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 $15.49 USD to $15.80 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 $15.49 USD to $15.78 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 147,947 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.
