RECUPERO ANTHONY J 4

What Happened
Anthony J. Recupero, listed as Former President, Commercial Operations, sold a total of 21,049 SI-BONE (SIBN) shares on 2026-02-17 in multiple open‑market transactions. The sales were reported at weighted average prices of $15.28, $15.42, $15.41 (two separate lots), and $15.45, for aggregate proceeds of approximately $324,204. Per the filing, these sales were “sell‑to‑cover” transactions to satisfy tax withholding on vested restricted stock units, not discretionary market trades.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely).
• Shares sold: 21,049 total across five lots (2,091; 3,040; 1,710; 11,143; 3,065).
• Reported proceeds (approx.): $324,204 total.
• Prices: weighted averages shown for each lot; trade prices across the executions ranged roughly from $15.15 to $15.62 (filing notes that detailed per‑trade prices are available on request).
• Reason: Footnote states these sales were to cover tax withholding on RSU vesting (F1) — a routine, non‑discretionary sell‑to‑cover.
• Holdings after transaction: the filing notes inclusion of 83,423 shares issuable upon settlement of restricted stock units (F5); the filing does not report any additional change suggesting discretionary sale of other holdings.
• No indication of a 10b5‑1 plan or other trading arrangement; filing appears timely.

Context
Sell‑to‑cover transactions are common when restricted stock units vest and the company or insider uses a portion of the shares to pay required taxes; such sales are typically administrative and do not necessarily signal the insider’s view on the company. Purchases (when they occur) are generally a stronger insider sentiment signal than routine tax‑related sales.