FRANCIS LAURA 4

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.