FRANCIS LAURA 4
4 · SI-BONE, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
SI-BONE CEO Laura Francis Receives RSUs, Sells Shares
What Happened
- Laura Francis, CEO of SI‑BONE, was granted three restricted stock unit (RSU) awards on Feb 16, 2026 totaling 114,741 + 57,370 + 57,370 = 229,481 RSUs (awarded at $0). On Feb 17, 2026 she sold multiple blocks of shares in the open market, disposing of a total of 93,555 shares for aggregate proceeds of approximately $1,432,122.
- Individual sales reported (all Feb 17, 2026): 15,569 @ $15.35 ($239,008); 3,893 @ $15.29 ($59,511); 18,889 @ $15.32 ($289,434); 39,764 @ $15.29 ($608,067); 3,203 @ $15.31 ($49,047); 2,236 @ $15.29 ($34,199); 7,888 @ $15.44 ($121,761); 2,033 @ $15.30 ($31,095). These sales were executed across multiple trades (weighted averages reported).
Key Details
- Transaction dates: RSU grants on 2026-02-16; sales on 2026-02-17; Form filed 2026-02-18.
- Prices/range: weighted-average sale prices ~ $15.3; individual trade prices ranged roughly $15.12–$15.62 (per filing footnotes).
- Shares owned/issuable after transaction: filing notes 414,439 shares issuable on settlement of RSUs (per footnote); the Form lists additional RSU and beneficial ownership detail beyond the excerpt.
- Notable footnotes: Sales were "sell-to-cover" to satisfy tax withholding obligations tied to RSU vesting (not described as discretionary trades). RSU vesting: one award vests quarterly over four years beginning Feb 15, 2026; another award vests over three years based on total shareholder return versus peers.
- Timeliness: Filing dated Feb 18 reporting mid‑Feb transactions — no late filing flag indicated.
Context
- These transactions combine an award of RSUs (a common executive compensation event) with a routine sell‑to‑cover sale to satisfy tax withholding when RSUs vest. Sell‑to‑cover transactions are not generally interpreted as a directional bet by the insider.
Insider Transaction Report
Form 4
SI-BONE, Inc.SIBN
FRANCIS LAURA
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-02-16+114,741→ 523,104 total - Award
Common Stock
[F2]2026-02-16+57,370→ 580,474 total - Award
Common Stock
[F2]2026-02-16+57,370→ 637,844 total - Sale
Common Stock
[F3][F4]2026-02-17$15.35/sh−15,569$239,008→ 622,275 total - Sale
Common Stock
[F3][F5]2026-02-17$15.29/sh−3,893$59,511→ 618,382 total - Sale
Common Stock
[F3][F6]2026-02-17$15.32/sh−18,889$289,434→ 599,493 total - Sale
Common Stock
[F3][F6]2026-02-17$15.29/sh−39,764$608,067→ 559,729 total - Sale
Common Stock
[F3][F7]2026-02-17$15.31/sh−3,203$49,047→ 556,526 total - Sale
Common Stock
[F3][F7]2026-02-17$15.29/sh−2,236$34,199→ 554,290 total - Sale
Common Stock
[F3][F8]2026-02-17$15.44/sh−7,888$121,761→ 546,402 total - Sale
Common Stock
[F3][F7][F9]2026-02-17$15.30/sh−2,033$31,095→ 544,369 total
Holdings
- 351,319(indirect: By Trust)
Common Stock
[F10]
Footnotes (10)
- [F1]Reflects 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. The shares subject to the restricted stock unit will vest over four years beginning on February 15, 2026, and will be released in quarterly installments, subject to the Reporting Person's continued service through each relevant vesting date.
- [F10]Shares held by The David & Laura Joint Rev Tr.
- [F2]Reflects 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. The shares subject to the restricted stock unit will vest, if at all, over three years based on the Issuer's total shareholder return (TSR) as measured against the TSR of the company at the median of the range TSRs of a set of peer companies established by the Issuer as set forth in the grant.
- [F3]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.
- [F4]This transaction was executed in multiple trades at prices ranging from $15.12 USD to $15.62 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $15.15 USD to $15.53 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.
- [F6]This transaction was executed in multiple trades at prices ranging from $15.13 USD to $15.62 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.
- [F7]This transaction was executed in multiple trades at prices ranging from $15.13 USD to $15.51 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.
- [F8]This transaction was executed in multiple trades at prices ranging from $15.24 USD to $15.62 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.
- [F9]Includes 414,439 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.
Signature
/s/ Michael A. Pisetsky, Attorney-in-Fact for Laura A. Francis|2026-02-18