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.
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
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
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SIBN-1780955042563 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $20.54 | awaiting T+20 | — | $21.31 (+3.75%) |
Oct 13, 2026 13d ago | 144 | $19.68 | awaiting T+20 | — | $21.31 (+8.28%) |
Aug 26, 2026 8w ago | Insider Cluster | $19.20 $18.52 | ▲ +3.54% | ▲ +3.03% | $21.31 (−10.99%) |
Aug 21, 2026 9w ago | Insider Cluster | $19.47 $18.81 | ▲ +3.39% | ▲ +4.70% | $21.31 (−9.45%) |
Aug 21, 2026 9w ago | 144 | $19.47 $18.81 | ▼ −3.39% | ▼ −4.70% | $21.31 (+9.45%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.91 $18.04 | ▼ −9.39% | ▼ −7.44% | $21.31 (+7.03%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.91 $18.04 | ▼ −9.39% | ▼ −7.44% | $21.31 (+7.03%) |
Aug 3, 2026 12w ago | Press Release | $18.44 $18.92 | ▲ +2.60% | ▲ +3.84% | $21.31 (+15.56%) |
Jun 8, 2026 19w ago | Insider Cluster | $15.53 $17.30 | ▲ +11.40% | ▲ +9.95% | $21.31 (+37.22%) |
Jun 8, 2026 20w ago | 8-K | $15.53 $17.30 | ▲ +11.40% | ▲ +9.95% | $21.31 (+37.22%) |
US Market Status
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