Maheshwari Anshul 4
4 · SI-BONE, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
SI‑BONE (SIBN) CFO Anshul Maheshwari Sells Shares
What Happened Anshul Maheshwari, Chief Financial Officer of SI‑BONE (SIBN), sold a total of 4,666 shares in two transactions on May 18, 2026. The filings show disposals of 2,477 shares at $14.71 (proceeds $36,445) and 2,189 shares at $14.65 (proceeds $32,079), for combined proceeds of approximately $68,524 (weighted average price ≈ $14.69). These sales were reported as sell-to-cover transactions to satisfy tax withholding on vested restricted stock units, not discretionary open-market trades.
Key Details
- Transaction dates: May 18, 2026 (filed May 20, 2026 — appears timely).
- Reported sales: 2,477 shares @ $14.71 and 2,189 shares @ $14.65; total 4,666 shares; total proceeds ≈ $68,524.
- Trade execution: Executed in multiple trades at prices ranging $14.35–$14.84; reported prices reflect weighted averages (per footnote).
- Reason: Footnote states sales were to cover tax withholding on RSU vesting (sell-to-cover), not discretionary selling.
- Holdings noted in filing: includes 1,395 shares from an ESPP purchase (May 15, 2026) and 183,921 shares issuable upon settlement of restricted stock units (per footnotes). The filing does not list a single consolidated post-transaction beneficial ownership number in the summary provided here.
Context Sell-to-cover transactions are routine when restricted stock units vest and do not necessarily signal a change in the insider’s outlook. The filing explicitly identifies these sales as tax-withholding related (footnote), so treat this as administrative rather than a market-timing sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-18$14.71/sh−2,477$36,445→ 260,671 total - Sale
Common Stock
[F1][F2][F3][F4]2026-05-18$14.65/sh−2,189$32,079→ 259,877 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 $14.35 USD to $14.84 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]Includes 1,395 shares acquired under the SI-BONE, Inc 2018 Employee Stock Purchase Plan on May 15, 2026.
- [F4]Includes 183,921 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.