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SI-BONE, Inc.·4

Feb 18, 7:13 PM ET

Maheshwari Anshul 4

Research Summary

AI-generated summary

Updated

SI‑BONE (SIBN) CFO Anshul Maheshwari Receives Award, Sells Shares

What Happened

  • Anshul Maheshwari, Chief Financial Officer of SI‑BONE (SIBN), was granted a total of 107,992 restricted stock units (RSUs) on 2026-02-16 (three award entries: 80,994; 13,499; 13,499). On 2026-02-17 she sold 21,528 shares in multiple open‑market transactions, generating about $330,983 in proceeds. The sales were reported as sell‑to‑cover transactions to satisfy tax withholding obligations (not discretionary sales).

Key Details

  • Grant (award): 107,992 RSUs on 2026-02-16 (price $0.00) — these are contingent rights to receive one share per RSU.
  • Sales (open market) on 2026-02-17:
    • 1,279 shares @ $15.35 = $19,633
    • 11,104 shares @ $15.36 = $170,550
    • 2,189 shares @ $15.29 = $33,466
    • 3,065 shares @ $15.46 = $47,384
    • 3,891 shares @ $15.41 = $59,950
    • Total sold: 21,528 shares for ~$330,983. Several entries were executed in multiple trades; weighted average prices reported and trade price ranges per footnotes were roughly $15.13–$15.645.
  • Footnotes of note:
    • F1: One RSU grant vests quarterly over four years beginning Feb 15, 2026 (service‑based).
    • F2: One RSU grant vests over three years based on relative total shareholder return (performance‑based).
    • F3: The sales were "sell‑to‑cover" to satisfy tax withholding and are not discretionary trades.
    • F9: Filing references 200,237 shares issuable on settlement of RSUs (summary figure); the filing does not state a single total of all beneficially owned shares after these transactions.
  • Filing timing: Report filed 2026-02-18 for transactions on 2026-02-16 and 02-17; no late filing indication in this report.

Context

  • These transactions combine new RSU awards (a common form of executive compensation) and routine sell‑to‑cover transfers to satisfy taxes when RSUs vest or are issued. Awards are not an immediate cash purchase signal; the sales here were for tax withholding, per the filing. For retail investors, RSU grants increase potential future dilution over the vesting period; performance RSUs (F2) will only convert to shares if performance targets are met.