Davis Timothy E JR 4
Research Summary
AI-generated summary
SI‑BONE (SIBN) Director Timothy E. Davis Jr. Receives Stock Award
What Happened
- Timothy E. Davis Jr., a director of SI‑BONE, was granted 10,957 restricted stock units (RSUs) on 2026-06-04. The RSUs were issued at $0.00 per unit (no cash paid) and represent a contingent right to receive one share of common stock per RSU upon vesting.
Key Details
- Transaction type: Award/Grant (code A).
- Date of transaction: 2026-06-04; Form 4 filed 2026-06-08 (filed within the typical two-business-day window).
- Price: $0.00 per RSU; total immediate cash value reported: $0.
- Shares issued/issuable: 10,957 RSUs (each converts to one share upon settlement).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1/F2 — RSUs vest 100% upon the earlier of (i) the next annual shareholders’ meeting or (ii) one year from the Vesting Commencement Date, subject to the reporting person’s continuous service as a board member until vesting.
Context
- This transaction is a grant of RSUs (a compensation award), not a market purchase or sale. RSUs are contingent on future vesting and do not represent immediately tradable shares until settled. Such grants are commonly used for director compensation and do not, by themselves, indicate a buy or sell sentiment.