Maheshwari Anshul 4

What Happened Anshul Maheshwari, Chief Financial Officer of SI-BONE (SIBN), reported the sale of 3,317 shares on July 2, 2026. The sales were executed as two transactions: 1,757 shares at a weighted-average price of $16.80 (≈ $29,521) and 1,560 shares at $16.73 (≈ $26,106), for total proceeds of roughly $55,627. These were sales (S) executed to satisfy tax-withholding obligations tied to restricted stock unit (RSU) vesting.

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 6, 2026.
• Reported sale sizes & prices: 1,757 shares @ $16.80 (weighted avg), 1,560 shares @ $16.73 (weighted avg).
• Price ranges: trades occurred across $16.48–$16.94 and $16.48–$16.955; reported prices are weighted averages (footnotes F2, F3).
• Reason: Sell-to-cover for tax withholding on RSU vesting (footnote F1). This was not a discretionary sale.
• Holdings note: Form indicates inclusion of 177,141 shares issuable upon settlement of RSUs (footnote F4).
• Transaction type: Sale to cover tax withholding (routine, not an open-market investment buy).

Context “Sell-to-cover” transactions are common when RSUs vest: the company or broker sells a portion of vested shares to cover required taxes. The filing notes this sale satisfied tax withholding obligations and is not presented as a discretionary trade by the CFO. For investors, purchases by insiders often carry more signal than tax-driven sales; this filing documents a routine tax-related disposition rather than an investment decision.