Davis Timothy E JR 4

What Happened
Timothy E. Davis Jr., a director of SI‑BONE, exercised stock options to acquire 12,064 shares on May 28, 2026, at an exercise price of $4.32 per share (total cash paid $52,116). Following the exercise, Davis sold a total of 7,280 shares in two open-market transactions (3,780 shares on 5/28 and 3,500 shares on 5/29) for aggregate proceeds of roughly $104,187.

Key Details

• Filing date: 2026-06-01; Period of report lists transactions beginning 2026-05-28. The filing does not indicate a late filing.
• Exercise: 12,064 shares at $4.32 per share; reported total paid $52,116. (Footnote F4: the option shares were fully vested and immediately exercisable.)
• Sales: 3,780 shares on 2026-05-28 at a weighted average price of $14.47 (total ~$54,699; range $14.45–$14.505 per F1). 3,500 shares on 2026-05-29 at a weighted average price of $14.14 (total ~$49,488; range $14.12–$14.15 per F2). Aggregate sale proceeds ≈ $104,187.
• The report also lists a derivative disposition of 12,064 shares at $0.00 (listed separately in the filing).
• Ownership note (from filing footnote F3): reported beneficial ownership includes 8,675 shares issuable upon settlement of restricted stock units granted to the reporting person.

Context

• This filing shows an option exercise (acquisition) followed by open‑market sales. The presence of both an exercise and subsequent sales can reflect a variety of routine actions (e.g., partial monetization or cash management); the filing itself does not state the insider’s motive.
• For retail investors, purchases or exercises can be more informative than routine sales; here the insider did acquire shares via exercise but also realized proceeds from selling a portion of stock.