The concentrated C-suite selling, particularly the CEO's $1M block, is a cautionary signal. Monitor for any upcoming earnings pre-announcement, product launch delay, or competitive development. The stock's recent run-up (implied by sale prices near $20) may have prompted diversification, but the lack of any insider buying alongside the sales is notable.
Price Chart
Executive Summary
Three top insiders at SI-BONE (CEO, CFO, Chief Legal Officer) sold a combined ~$160K in open-market sales over a 7-day window ending August 21, 2026. The CEO alone sold ~$1.2M during the period, including a $1M block on August 20.
Key Financial Metrics
Key Facts
- CEO Laura Francis sold ~$1.09M in open-market sales over Aug 17-21, including a $1M block on Aug 20.
- CFO Anshul Maheshwari sold ~$424K total across Aug 17-21.
- Chief Legal Officer Michael Pisetsky sold ~$69K on Aug 17.
- Total cluster open-market sales: ~$1.86M, representing ~0.21% of market cap.
- The cluster includes 13 trades by 3 C-suite insiders, all selling — no insider buying during the window.
Financial Impact
Total insider sales of ~$1.86M (0.21% of $873M market cap)
Risk Factors
- Insider selling may signal management's view that shares are fully valued or that near-term headwinds exist.
- No insider buying to offset the selling — one-sided bearish signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SIBN-1787349688837 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 6d ago | Press Release | $20.54 | awaiting T+20 | — | $21.48 (+4.58%) |
Oct 13, 2026 13d ago | 144 | $19.68 | awaiting T+20 | — | $21.48 (+9.15%) |
Aug 26, 2026 8w ago | Insider Cluster | $19.20 $18.52 | ▲ +3.54% | ▲ +3.03% | $21.48 (−11.87%) |
Aug 21, 2026 9w ago | Insider Cluster | $19.47 $18.81 | ▲ +3.39% | ▲ +4.70% | $21.48 (−10.32%) |
Aug 21, 2026 9w ago | 144 | $19.47 $18.81 | ▼ −3.39% | ▼ −4.70% | $21.48 (+10.32%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.91 $18.04 | ▼ −9.39% | ▼ −7.44% | $21.48 (+7.89%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.91 $18.04 | ▼ −9.39% | ▼ −7.44% | $21.48 (+7.89%) |
Aug 3, 2026 11w ago | Press Release | $18.44 $18.92 | ▲ +2.60% | ▲ +3.84% | $21.48 (+16.49%) |
Jun 8, 2026 19w ago | Insider Cluster | $15.53 $17.30 | ▲ +11.40% | ▲ +9.95% | $21.48 (+38.31%) |
Jun 8, 2026 19w ago | 8-K | $15.53 $17.30 | ▲ +11.40% | ▲ +9.95% | $21.48 (+38.31%) |
US Market Status
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