SI-BONE (SIBN) director Dunn sells small stake to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SI-BONE, Inc. director Jeffrey W. Dunn reported a small, non-discretionary share sale tied to taxes. On May 4, 2026, a total of 337 shares of Common Stock were sold at a weighted average price of $13.1508 solely to cover tax withholding obligations from the vesting of restricted stock units under a “sell to cover” arrangement. Following this transaction, Dunn holds 9,157 shares directly, which include 8,675 shares issuable upon settlement of restricted stock units, and 80,591 shares indirectly through The Jeffrey W. Dunn Living Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 337 shares ($4,432)
Net Sell
2 txns
Insider
DUNN JEFFREY W
Role
null
Sold
337 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 337 | $13.1508 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,157 shares (Direct, null);
Common Stock — 80,591 shares (Indirect, by Trust)
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 $13.00 USD to $13.23 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 8,675 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. Reflects the transfer of shares from the Reporting Person to The Jeffrey W. Dunn Living Trust dated May 17, 2012. Shares held by The Jeffrey W. Dunn Living Trust Dated May 17, 2012.
Key Figures
Shares sold for tax withholding: 337 shares
Weighted average sale price: $13.1508 per share
Direct holdings after transaction: 9,157 shares
+2 more
5 metrics
Shares sold for tax withholding
337 shares
Open-market sale on May 4, 2026 to cover RSU taxes
Weighted average sale price
$13.1508 per share
Sale price for 337 SI-BONE common shares
Direct holdings after transaction
9,157 shares
Common stock directly held by Dunn after May 4, 2026 sale
Indirect trust holdings
80,591 shares
Shares held by The Jeffrey W. Dunn Living Trust
Restricted stock units included
8,675 shares
Shares issuable upon settlement of restricted stock units
Key Terms
restricted stock units, sell to cover, weighted average sale price, Living Trust
4 terms
restricted stock units financial
"Includes 8,675 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.
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.
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
Living Trust financial
"The Jeffrey W. Dunn Living Trust dated May 17, 2012"
FAQ
What did SI-BONE (SIBN) director Jeffrey Dunn report in this Form 4?
Jeffrey Dunn reported a small share sale of 337 SI-BONE common shares. The sale was made only to cover tax withholding from vesting restricted stock units, rather than a discretionary decision to reduce his investment position.
Was Jeffrey Dunn’s SI-BONE (SIBN) stock sale discretionary?
No. The Form 4 states the 337-share sale was required to cover tax withholding obligations from vesting restricted stock units. It was executed as a “sell to cover” transaction and is described as not a discretionary trade by Dunn.
What does the Form 4 say about Jeffrey Dunn’s restricted stock units in SI-BONE (SIBN)?
The filing notes that Dunn’s direct holdings include 8,675 shares issuable on settlement of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of SI-BONE’s common stock upon settlement.