Maheshwari Anshul 4
4 · SI-BONE, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
SI‑BONE (SIBN) CFO Maheshwari Anshul Sells Shares
What Happened
Maheshwari Anshul, Chief Financial Officer of SI‑BONE (SIBN), sold a total of 3,318 shares in open‑market transactions on April 2, 2026. The filing reports two lots: 1,758 shares at a weighted average price of $12.92 for proceeds of $22,718, and 1,560 shares at a weighted average price of $12.81 for proceeds of $19,989 — total proceeds ≈ $42,707. These sales were reported as sell‑to‑cover transactions to satisfy tax withholding on restricted stock units (RSUs), not discretionary stock sales.
Key Details
- Transaction date: April 2, 2026; Form 4 filed April 3, 2026 (appears timely).
- Reported prices (weighted averages): $12.92 (1,758 sh) and $12.81 (1,560 sh). Footnotes show the trades were executed in multiple fills at price ranges of $12.52–$13.08 and $12.41–$13.10.
- Total shares sold: 3,318; total proceeds ≈ $42,707.
- Shares owned / holdings note: the filing indicates 193,458 shares issuable on settlement of RSUs are included in the reported holdings (each RSU converts to one share). The filing excerpt you provided did not state a full post‑transaction beneficial‑ownership total beyond that RSU disclosure.
- Relevant codes/notes: S = Sale; F1 indicates the sale was to cover tax withholding obligations (sell‑to‑cover). F2/F3 detail multiple trade prices; F4 indicates RSU holdings.
- Filing timeliness: Filed the next day after the trades (no late‑filing flag indicated).
Context
Sell‑to‑cover transactions are a common administrative step when RSUs vest and the holder sells enough shares to cover taxes; they are generally not interpreted as a deliberate market‑timing sale. For retail investors, outright purchases by insiders often carry more signal than routine withholding sales. This filing documents routine tax withholding rather than a discretionary divestiture.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-02$12.92/sh−1,758$22,718→ 264,708 total - Sale
Common Stock
[F1][F3][F4]2026-04-02$12.81/sh−1,560$19,989→ 263,148 total
Footnotes (4)
- [F1]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.
- [F2]This transaction was executed in multiple trades at prices ranging from $12.52 USD to $13.08 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $12.41 USD to $13.10 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.
- [F4]Includes 193,458 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.