HILLEMAN JERYL L 4
Research Summary
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SI-BONE (SIBN) Director Jeryl Hilleman Receives Award
What Happened Jeryl L. Hilleman, a member of SI-BONE's Board of Directors, was granted 10,957 restricted stock units (RSUs) on June 4, 2026. The grant is reported as an award (code A) with an acquisition price of $0 and a reported transaction value of $0. These RSUs represent contingent rights to receive one share of SI-BONE common stock per unit upon settlement.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-09 (filed 5 days after the transaction; later than the SEC’s typical 2-business-day reporting window).
- Grant: 10,957 RSUs (acquisition code A), reported price $0, reported value $0.
- Vesting: 100% vests on the earlier of (i) the next annual stockholder meeting or (ii) one year from the Vesting Commencement Date, subject to Hilleman’s continued service as a director (per footnotes).
- Shares issuable: Footnotes confirm 10,957 shares will be issuable upon settlement of the RSUs.
- Shares owned after transaction: Not specified in the filing.
- No 10b5-1 plan, tax-withholding sale, or immediate sale of underlying shares is indicated in the filing.
Context This was a compensation award (RSUs) to a director rather than an open-market purchase or sale. RSUs have no upfront cash cost to the recipient; their eventual value depends on SI-BONE’s stock price when the units vest and are settled. The filing was submitted after the usual 2-business-day window, which is noted by investors but does not by itself indicate trading intent.