SIBN SI-BONE, Inc.
Price Chart
Executive Summary
SI-BONE's insider cluster shows two directors selling a combined $103.5K in open-market transactions within the same period when three other directors received non-cash restricted stock grants. The total sell value (~0.015% of market cap) is trivial and well below the 0.1% materiality threshold, making this a routine liquidity-driven event with no significant directional signal. The cluster is coincident with a routine one-month lease extension (8-K filed June 8) — nothing in the cross-filings changes the benign interpretation.
Key Financial Metrics
Actionable Insight
No actionable signal from this insider cluster. The selling is trivial in dollar terms and involves directors only (not C-suite). The coincident director grants are routine annual equity awards — not a catalyst. Monitor upcoming quarterly earnings for commercial momentum on SI-BONE's iFuse product line; insider activity here provides no edge.
Key Facts
- Total open-market sales: $103,505 (2 director sells)
- Sell value is ~0.015% of $671M market cap — below 0.1% materiality floor
- Three other directors received identical 10,957-share restricted stock grants at $0 — non-cash, routine director compensation
- 8-K filed same week: one-month lease extension at $43,696/month — administrative, no strategic or financial impact
- No C-suite executives traded; all activity limited to directors
Financial Impact
Total sales of $103.5K represent ~0.015% of market cap — immaterial from proportionality perspective
Risk Factors
- Low risk: the cluster does not signal deteriorating fundamentals or insider bearishness
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SIBN-1780955042563 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
10d ago
|
Insider Cluster
| $15.53 $15.12 | ▼ −2.64% | ▼ −5.05% | $15.21 (−2.06%) |
|
Jun 8, 2026
10d ago
|
8-K
| $15.53 $15.12 | ▼ −2.64% | ▼ −5.05% | $15.21 (−2.06%) |
|
May 11, 2026
5w ago
|
8-K
| $13.90 $14.76 | ▲ +6.19% | ▲ +6.11% | $15.21 (+9.42%) |
|
May 11, 2026
5w ago
|
Press Release
| $13.90 $14.76 | ▲ +6.19% | ▲ +6.11% | $15.21 (+9.42%) |
|
Apr 21, 2026
8w ago
|
DEFA14A
| $13.87 $12.18 | ▼ −12.18% | ▼ −12.24% | $15.21 (+9.66%) |
|
Apr 20, 2026
8w ago
|
Press Release
| $13.82 $12.36 | ▼ −10.56% | ▼ −11.65% | $15.21 (+10.06%) |
US Market Status
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